Electronic banking shrinks the branches of the UAE national banks to...

Electronic banking shrinks the branches of the UAE national banks to...
Electronic banking shrinks the branches of the UAE national banks to...
National banks will continue to implement their plans to expand in the field of smart and electronic banking, and to reduce their traditional branches, in light of their efforts to facilitate customer service and enhance digital payment initiatives.

Recent data from the Central Bank showed that national banks had reduced the number of their branches in the country to 562 by the end of November, distributed among 21 banks, with a decrease of 6 branches that were closed by “Abu Dhabi Commercial Bank” as a result of the merger of the business of “Union National Bank” and “Al Hilal Bank”, compared to 568 branches at the end of Previous October it.

While banks have reduced their branches by 94 since the beginning of this year, compared to 656 at the end of last year, in light of the increase in the trend towards digital services due to the Corona pandemic, as well as the mergers that took place between some banks.

According to the data of the Central Bank, Emirates NBD acquired the largest share of branches with 71 branches, then Islamic and Abu Dhabi Islamic Bank with 68 branches each separately, followed by First Abu Dhabi 66 branches and Abu Dhabi Commercial »59 branches,« Emirates Islamic Bank »50 branches,« Sharjah Islamic Bank »32 branches,« Ras Al Khaimah National »27 branches and« Mashreq Bank »24 branches.

The number of exchange offices belonging to banks remained at 23 at the end of November, and the number of electronic banking services units of national banks remained at 33 units at the end of last month.

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On: Monday – December 07, 2020

National banks will continue to implement their plans to expand in the field of smart and electronic banking, and to reduce their traditional branches, in light of their efforts to facilitate customer service and enhance digital payment initiatives.

Recent data from the Central Bank showed that national banks reduced the number of their branches in the country to 562 by the end of November, distributed among 21 banks, with a decrease of 6 branches that were closed by “Abu Dhabi Commercial Bank” as a result of the merger of the business of “Union National Bank” and “Al Hilal Bank”, compared to 568 branches at the end of Previous October it.

While banks have reduced their branches by 94 since the beginning of this year, compared to 656 at the end of last year, in light of the increase in the trend towards digital services due to the Corona pandemic, as well as the mergers that took place between some banks.

According to the data of the Central Bank, Emirates NBD acquired the largest share of branches with 71 branches, then Dubai Islamic and Abu Dhabi Islamic Bank with 68 branches each separately, followed by First Abu Dhabi 66 branches and Abu Dhabi Commercial »59 branches,« Emirates Islamic Bank »50 branches,« Sharjah Islamic Bank »32 branches,« Ras Al Khaimah National »27 branches and« Mashreq »24 branches.

The number of exchange offices belonging to banks remained at 23 at the end of November, and the number of electronic banking services units of national banks remained at 33 at the end of last month.

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