RTA revealed that a total of 15.29 million transactions were made via smart apps alone
At the extraordinary general meeting of the Bank which was held here in the capital, shareholders gave their consent to the board of director's decision of early this month which recommended to launching a Euro Medium Term Note programme.
Later, talking to reporters, Saeed Mubarak Al Hajeri, Chairman ADCB said that purpose of the launching the Euro Bonds and other Notes is to raise capital for the Bank which has substantial stake in lending to government's infrastructure projects. He was of the view the Bank wanted to gear itself to benefit from the upcoming exciting opportunities.
"Real estate sector is the not only area we will be looking at. We believe in good mix of lending not focusing on one particular area...we have stakes in corporate and project finance, retail lendings", said the chairman.
Hajeri said that the Bank is creating an investment vehicle with a long-term view to take active part in the opportunities emerging in the emirate following the high economic growth rate.
RTA revealed that a total of 15.29 million transactions were made via smart apps alone
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