The Abu Dhabi International Bank is on its way to make their presence felt in the Iraqi market by launching ‘ADIB Direct’, a digital platform for corporates which is going to meet the growing business needs, media reports said. The latest digital platform will offer banking solutions and services for corporates that include cash management solutions, cash flow forecasting, and foreign exchange services.
Launched in 2019, Abu Dhabi direct in UAE provides companies with significant cost and time-saving efficient techniques. Abdullah Al Shehhi, Head of the International Banking Group at ADIB told the media, “At ADIB, we believe we play an important role in supporting Iraq’s local economy by providing businesses the banking services they need to help them thrive and achieve their financial goals. Through ADIB Direct, we enable companies to efficiently manage their cash payments, liquidity, trade finance, supply chain, and foreign exchange needs so they have more time to focus on their business.”
Since its launch in 2019, Abu Dhabi direct has helped automate a number of services for companies by providing them with time and cost-saving efficiencies. At present, more than 90 percent of ADIB UAE’s online corporate banking services are digitised through the platform.
Moreover, ADIB was the first bank from UAE to have its presence in Iraq. The bank offers a full range of Shari’a-compliant corporate banking products and services. The bank also has branches in Baghdad, Erbil, and Basra. The bank’s expertise also covers government and public sector entities, along with a diversified private-sector base that includes financial institutions, trading, contracting, oil & gas, power & energy, manufacturing, and other industries