Audio By Carbonatix
The largest Bank in the Middle East, Emirates NBD has indicated plans to set up a representative office in Ghana. According to the bank, this is to enable it take advantage of the huge economic opportunities in Ghana and sub-sahara Africa as a whole.
Speaking to JOY-BUSINESS in Dubai, Executive Vice President, Faisal Lalani says they are for now working to partner some of the local banks in Ghana in terms of trade financing.
“We are going to be looking at Africa very closely. Our initial strategy would be to work with some of the local banks – the very known names like ECOBANK and the top Nigerian banks. We would effectively support them in all forms of commodity financing. Our intention is to reinforce the ability of the local banks to go across borders by supporting them from both a liquidity and networking perspective. And so hopefully within the 6 months time you would see our bank going deeper and working closely with some of the good African banks” he said.
If Emirates NBD’s plan materializes, it would be one of the few banks in the Middle East to expand its operations to Ghana. Emirates NBD, currently is worth 81.2 billion dollars.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Today’s front pages: Tuesday, September 8, 2026
1 minute -
FIFA, CAF halt Nigeria football elections over governance crisis
27 minutes -
13-year-old Prince George set for first day at Eton College
32 minutes -
NPP national election: ‘Something shocking is about to happen in Kumasi’ – Sylvester Tetteh
41 minutes -
‘Judge me on my commitment, not whom I supported during presidential primary’ – Sylvester Tetteh to NPP
43 minutes -
Family demands answers after dialysis patient dies at TTH during power outage
1 hour -
Foreign Ministry repatriates nearly 7,000 distressed Ghanaians since 2025 – Ablakwa
1 hour -
Gender Ministry steps up community campaign against social vices
2 hours -
Police bust armed robbery gang targeting gold dealers, mining sites in Ashanti and Western regions
2 hours -
Galamsey causes 1 in 4 fibre cuts in Ghana – Sam George
2 hours -
Police link Labone bank robbery suspects to earlier attacks on customers
2 hours -
Accra-Kumasi Expressway will be Mahama’s major road legacy – Agbodza
2 hours -
Ghana spends over US$20m repairing fibre cuts – Sam George
3 hours -
GACL wins two awards at ACI World Airport Experience Summit
3 hours -
Tomato prices to drop sharply in coming weeks – John Dumelo
3 hours