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Tue 18 Dec 2012 03:15 PM

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First Gulf Bank to add two new Dubai branches

UAE's second largest lender will add locations in Dubai Mall and Jebel Ali Free Zone

First Gulf Bank to add two new Dubai branches

Abu Dhabi-based First Gulf Bank, the second largest lender
in the UAE by market value, has opened two new branches in Dubai.

The first branch is located in Dubai Mall and the second in
Jebel Ali Free Zone. The openings take First Gulf Bank’s total number of
branches in Dubai to five, in addition to the 16 it operates across the country.

“Our new additions come within our expansion plan, in which
we aim to reach out to our customers to provide utmost convenience of banking
at extended timings too,” said First Gulf Bank CEO Andre Sayegh in a statement.

"Our main aim is
to deliver consistent, high standards of customer service and innovative
offerings and products across our nation. We are dedicated to provide the best
financial solutions that meet the needs and expectations of our clients,"
he added.

Last month, First Gulf Bank signed a three-year, US$900m
loan with a group of international lenders, in addition to US$650m raised from
the bond market in October.

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