Ajman Bank opens branch in heart of Industrial City of Abu Dhabi

Press release

Published March 23rd, 2011 - 09:03 GMT

Ajman Bank’s Mussafah branch to service SME and Corporate needs

In line with its commitment to support the needs of business customers, Ajman Bank announced today the opening of a new branch in Musaffah, the Industrial City of Abu Dhabi. Located within a Special Economic Zone (SEZ), the Mussafah branch will primarily service the needs of small and medium sizes enterprises (SMEs) and corporations.

The new branch is located on Musafah Main Street and is surrounded by offices and industrial units, particularly related to the engineering and steel industries. In addition to servicing business needs, the Mussafah branch is also set-up to meet the retail banking needs of the many industrial workers based in the area.

Supporting the business community is a key component of Ajman Bank’s strategy for 2011. In particular, the country’s SME sector has been hampered by a lack of financing. With the opening of the Mussafah branch, both start-up and established businesses will be able to access finance tailored to their specific needs.

“Ajman Bank is expanding to meet the needs of business across the UAE. We firmly believe that Ajman Bank has a key role in driving economic growth, particularly through the SME sector,” said Mohamed Amiri, Deputy Chief Executive Officer, Ajman Bank. “The Mussafah branch has been designed with the customer in mind, and will help many promising business reach their potential.”

Ajman Bank is an award-winning financial services institution committed to transforming the experience of Islamic banking. Its new Mussafah operation brings the bank’s rapidly growing UAE-wide branch network to eight. Further details can be found at www.ajmanbank.ae.

Background Information

Ajman Bank

Ajman Bank is a young, agile Islamic commercial bank that provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market’s best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking.

Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate’s economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organisation in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.