Sunday, 28 May 2023 12:21 GMT

Emirates Development Bank Discusses Collaboration With Poland's National Development Bank, BGK

(MENAFN- Mid-East.Info)

Abu Dhabi, UAE: Emirates Development Bank (EDB) has held a meeting with the Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland, as part of its mission to connect and collaborate with leading development banks around the world. During the meeting, which was held virtually, the banks' representatives discussed their shared vision to support large corporations, SMEs and entrepreneurs, and to help stimulate economic development in their respective countries.

Ahmed Mohamed Al Naqbi, Chief Executive Officer of EDB, led the meeting from EDB's side. BGK was represented by Beata Daszynska-Muzyczka, President of the Management Board of BGK; Pawel Nierada, First Vice President of the Management Board of BGK, and Krzysztof Senger, Managing Director at BGK. His Excellency HE Jakub Slawek, Ambassador of the Republic of Poland to the UAE, was also in attendance.

During the meeting, Ahmed Al Naqbi introduced EDB's new role as the key financial enabler of the UAE's economic diversification and industrial transformation agenda, emphasizing the bank's focus on the key sectors of manufacturing, healthcare, infrastructure, food security and technology. Al Naqbi also revealed the range of flexible financial products the bank offers to enhance the bankability of SMEs and provide strategic support for the expansion ambitions of large corporates, and services that offer a clear distinction to commercial banks.

Ahmed Al Naqbi said he welcomed the opportunity to discuss areas of potential collaboration with one of Europe's leading development banks.“The meeting with BGK is part of our efforts to exchange our knowledge and experiences with our partners in other countries. We presented our strategic roadmap and its goals with their leadership and explored opportunities to collaborate on joint projects to ensure economic growth and development across both the countries. It was extremely useful to learn about BGK's strong legacy over the past 100 years.”

BGK is the only development bank in Poland. The bank's mission is to support the social and economic development of Poland and the public sector in the fulfillment of its tasks.

About Emirates Development Bank

Emirates Development Bank [EDB], headquartered in Abu Dhabi, was established under Federal Law by Decree No. 07 of 2011 issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE. It became operational in June 2015. The Bank unveiled its new strategy in 2021 reinforcing its identity as one of the key drivers of the UAE's economic recovery. EDB offers financial and non-financial support to SMEs, startups and large corporates operating in strategic priority sectors in the UAE, as a step to boost their contribution to the country's non-oil GDP. The Bank also provides home finance support to the UAE Nationals. EDB operates two branches in Abu Dhabi and Dubai.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.