Abu Dhabi Commercial Bank announced the re-launch of corporate banking services, to become corporate banking and investment services, in a step that reflects the expansion of the range of services provided by the bank to institutions.
In a statement, Abu Dhabi Commercial confirmed its commitment to provide 35 billion dirhams of credit facilities for green financing by 2030.
Abu Dhabi Commercial Bank revealed that it will assume a major role in providing the necessary financing and supporting customers to move to a more sustainable and low-carbon economy.
He pointed out that within the framework of the UAE's hosting of the Conference of the Parties (COP28) in November 2023, it intends to invest 600 billion dirhams in clean and renewable energy sources over the coming decades.
Abu Dhabi Commercial Bank's profits increased by 27 percent during the first quarter of 2023, compared to the first quarter of 2022.
The bank stated that its profits amounted to 1.879 billion dirhams at the end of the first quarter of 2023, compared to profits of 1.483 billion dirhams during the same period in 2022.
