FAB to expand international network with first branch in China
First Abu Dhabi Bank (FAB), the UAE's biggest bank by assets, will expand its international network with the opening of its first branch in China early next year.
FAB received a financial licence from the China Banking and Insurance Regulatory Commission that allows the lender to open a branch in Shanghai, it said on Tuesday.
The branch is expected to be fully operational in the first quarter of 2022.
“With the expansion of our presence in Shanghai, FAB can now apply scale, expertise and financial strength to accelerate collaboration across the priority industries of both nations,” said group chief executive Hana Al Rostamani.
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