Thursday, 22 October 2009

Bank digs away at its debt mountain

The United Arab Emirates has a reputation as an environmentally wasteful country but Abu Dhabi Commercial Bank has recently become a conscientious conservationist.

At its headquarters, the lights are switched off at the end of every day, the air-conditioning is turned down and the bank keeps only one of its lifts operating during the evenings and weekends.

It is part of an extensive cost-cutting exercise at the UAE capital’s second-largest bank. Over the past two years, ADCB has been at the centre of the financial storm in the UAE – often for the wrong reasons.

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