CBI opens new branch in Muroor Road, Abu Dhabi.
Saturday, November 01, 2014
Commercial Bank International (CBI) announced the opening of a new branch in Abu Dhabi.
Located at the heart of Abu Dhabi in Muroor Road, CBI’s newest branch features a state-of-the art design and utilizes the latest in technology and staffing models to increase the efficiency and quality of service experienced by customers.
Serviced by a dedicated team of tellers and Personal Bankers, the Muroor Road branch offers the full suite of CBIs innovative products & services designed to meet customer requirements, ranging from current, savings, deposit accounts, Personal Loans, Credit Cards and e-banking services. The opening of the Muroor Road branch is in line with the CBI’s commitment to provide fast and efficient banking experiences across all Emirates through an accessible branch and ATM network.
“Our customers tell us they are delighted to have the Bank in the area and we are pleased to offer easy and convenient banking services alongside our unique brand of personal service to Abu Dhabi. We are proud of the contributions the Bank has already made to the local economy and as we continue to build relationships with the local community, we look forward to offering maximum value to all of our clients by offering them our full range of innovative and value added products and services,” commented David Power, Head of Retail Banking at CBI. “This is our sixth branch to open in Abu Dhabi and underlines our commitment to providing efficient and accessible high quality banking services across local communities in all seven Emirates.”
The opening of the latest branch in Muroor Road brings the number of CBI branches in Abu Dhabi to 6 and the total branch network to 23, with 4 more branches scheduled to open by the end of 2014.
Earlier in 2014, CBI was recognized by the Banker Middle East for Transparency in Retail Banking, a first-in-its-category win that highlighted CBI’s renewed customer-centric strategy.
In 2012, Qatar National Bank (QNB), the leading financial institution and largest bank in the MENA region completed the acquisition of 40% of CBI. CBI’s new brand launched in March last year reflects this partnership. With an expanding network across the United Arab Emirates, an enhanced product suite and a renewed customer-centric approach, CBI remains well positioned for future growth.
The Bank reported a nine month net profit of AED 171 million, up by 25% from the previous year.