UAE – Abu Dhabi Commercial ends its operations in Jersey –...

UAE – Abu Dhabi Commercial ends its operations in Jersey –...
UAE – Abu Dhabi Commercial ends its operations in Jersey –...
(MENAFN – Al-Bayan) Date: October 06, 2020 ADCB announced the end of all of its banking operations on Jersey Island by the end of September. The bank said that its strategy aims to focus heavily on the local market.

Adding that this step will not have any fundamental impact on the profitability of the bank. He stated that he worked to communicate periodically with customers and related parties regarding the exit, and all active bank accounts of the bank’s clients in Jersey have already been transferred to Abu Dhabi Commercial Bank in the UAE on the first of October. The bank is voluntarily revoking its license with Jersey Financial Services.

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