The Central Bank (BDL) has removed the name of National Bank of Abu Dhabi (NBAD) from the official list of banks operating in the market.
"As a clarification of BDL's announcement, NBAD did not shut down its operations locally, but rather will be operational as a representative office instead of a branch," said Ziad El-Rayes, Chief Representative Officer of NBAD-Lebanon.
"Due to a change in the bank's global strategy, the bank reevaluated its international presence before starting...
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"As a clarification of BDL's announcement, NBAD did not shut down its operations locally, but rather will be operational as a representative office instead of a branch," said Ziad El-Rayes, Chief Representative Officer of NBAD-Lebanon.
"Due to a change in the bank's global strategy, the bank reevaluated its international presence before starting...
Article details
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