December 3 2013, Sharjah, UAE: United Arab Bank (UAB), the fastest growing bank in the Middle East, has set up a dedicated desk to support Turkish businesses in the UAE, in a quest to become the preferred local bank for the Turkish business community in the UAE. The mutual relationship will also support UAE businesses when trading in the Turkish market.
United Arab Bank continuously strives to offer customers clear, compelling reasons to choose UAB as their bank of choice. Through the strategic alliance formed between Alternatifbank in Turkey and Commercial Bank of Qatar, a major stakeholder in both UAB and Alternatifbank, the bank will be able to serve the needs of UAE clients in Turkey in areas including investment banking, corporate banking, trade finance and mortgage financing. Furthermore, UAB will serve the banking needs of Turkish customers and companies doing business in the UAE.
Through this alliance UAB aims to tap into the ever-growing Turkish commercial banking market in the UAE and a potential retail customer base of approximately 20,000 Turkish expats, representing mainly white collar professionals benefitting from a higher income level.
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