* Makeen Tower branch open for business boosting Affluent Banking mezzanine
* Dubai branch on track to open this year

 

Ajman 13 October 2009- Ajman Bank, the emirate's first Islamic commercial bank, was officially opened today its first branch in Abu Dhabi at a formal ceremony led by H.E. Sheikh Nahyan Bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research and Deputy Chairman, HH Sheikh Ahmed bin Humaid Al Nuaimi, Board member HH Sheikh Rashid bin Humaid Al Nuaimi. The branch, the first in the capital and the second outside Ajman, now places the bank in three of the UAE's emirates including the recent Sharjah branch which opened last month. This is a significant move for the bank which began operations in February this year and has continued to pursue its growth plans which will see a branch in Dubai open before the end of the year.

The new Ajman Bank Abu Dhabi branch is situated in Makeen Tower in close proximity to arterial road Al Salam Street, renowned for being one of the busiest streets in the city. The branch is also positioned opposite the Abu Dhabi Mall and overlooks the Tourist Club, both of which offer population destinations for the local population and will potentially generate high levels of footfall. Occupying two floors of the tower, the new branch has a stylish mezzanine for Ajman Bank's Affluent Banking customers, and boasts its own private lift.

The arrival of Ajman Bank's fourth branch in Abu Dhabi is a positive sign of the bank's continued success in its expansion. With two branches now open in Ajman, and one in Sharjah, the launch in Abu Dhabi demonstrates the strength of Ajman Bank's growth plans throughout the UAE. For a bank which focuses on community banking as a key approach, being in Abu Dhabi will certainly support its endeavours to understand and address the needs of the local community as well as bringing back the human touch so often lost in modern banking.

Ali E Alshaqoosh Al Mueen, acting CEO of Ajman Bank commented, "We are extremely proud to be opening our fourth branch in the UAE. Quarters one and two have been crucial times for us to establish our key operations and continue our expansion across the UAE, and our latest branch opening is testament to the success we have achieved seen in these goals. This latest operation in Abu Dhabi will enable us to continue on our path to further develop and grow our services, reaching out to ever more customers."

Ali E Alshaqoosh Al Mueen adds, "Of course being part of the community is essential to us. Developing new strategic alliances and partnerships within Abu Dhabi as we have done with similar organisations in Ajman will remain a part of our outreach in the Emirate as well as being a core part of our development activities. We look forward to become a familiar face in Abu Dhabi's business community."