ADCB forms partnership with Korean bank

22/09/2011 - Dubai Investment News Posted by Bob Brunskill
ADCB forms partnership with Korean bank

Under the terms of a new partnership agreement, Abu Dhabi Commercial Bank (ADCB) and the Export-Import Bank of Korea have pledged to provide comprehensive financing solutions for trade companies in the UAE and Korea.The MoU is set to support the trade flows between the two countries, thereby emphasising the importance of the UAE as a trade partner for Korea.la'a Eraiqat, chief executive and board member of ADCB, explained that the partnership marks "only the beginning of our partnership together"."ADCB is delighted with this collaboration and is looking forward to providing comprehensive financing support to both UAE and Korean companies who trade between our two countries," he explained.Mr Eraiqat observed that Korean firms have played a significant role in the moulding of the UAE economy, which he said had benefitted both countries "considerably".He added that ADCB is committed to the development of the Abu Dhabi economy and the UAE overall.