Emirates Development Bank ("EDB" or "the Bank") today announced that its lately opened Dubai branch is currently fully functional as well as offering customers in the Emirate with a thorough collection of services and also housing solutions. EDB's 2nd branch, positioned on Al Rebat St opposite Dubai Festival City, offers easily accessible banking solutions and also real estate financing for budget-friendly lodging to UAE nationals based in Dubai. The Bank's Dubai branch additionally supplies support, finance as well as ingenious financial remedies to little and average sized firms (SME), the engine of the UAE economic climate.

EDB aims to play an essential and efficient role in increasing the growth and sustain the UAE economic climate by sustaining the SME market, boosting the duty of the UAE business owners, as well as helping Emiratis to purchase homes.
The launch of EDB's Dubai branch complies with the Bank's official opening ceremony in June 2015, when His Highness Sheikh Mansour Bin Zayed Al Nahyan, the Deputy Prime Minister and also Minister of Presidential Affairs of the UAE, beautified EDB's headquarters in Abu Dhabi.

Rashid Mahboob, Acting CEO of Emirates Development Bank, included: "Since the launch of our operations in June 2015, EDB has provided a key enhancement to the UAE financial market, aiding to foster strategic growth throughout the economy, while giving Emirati individuals with easily accessible financial solutions which can enhance their lifestyle as well as enable them to attain their life objectives.".
"The opening of a Dubai branch will certainly enable EDB to access a brand-new area of the UAE and supply critical assistance to consumers seeking inexpensive finance for housing. We remain on the right track to offer such financing to Emiratis across the nation, as well as continuing to invest in key strategic sectors of the UAE's prospering economic climate.".

Developed in 2011 under a mandate released by the President of the UAE, HH Sheikh Khalifa container Zayed Al Nahyan, EDB's vision is to aid construct a varied nationwide economic situation based on the economic sector as well as where people could access ideal accommodation by supplying finance at an economical economic expense. The banking institution likewise supplies assistance, financial investment and also cutting-edge banking solutions to SME.