(Abu Dhabi) – The Emirates Development Bank (EDB) has met to discuss its action plan for 2015. Khalid Mohammed Belami, EDB Chairman, said the action plan 2015 will launch the bank’s products and services and other smart applications to the UAE citizens.
The EDB’s strategy aims to provide real estate credit for citizens to build their houses, extend direct or indirect funding for entrepreneurs of small and medium scale enterprises. EDB will also offer financing services for agricultural, industrial and infrastructure projects.
The bank was established by Federal Decree – Law no. 7 of 2011 with an authorized capital of AED 10 billion.
(Courtesy WAM)
