Agricultural Bank of China (ABC) have opened their first Middle Eastern branch in Dubai.
Officially opened on 25 March, the ABC branch in Dubai, United Arab Emirates is the first branch to be opened by a Chinese bank in Dubai.
The Dubai branch will primarily provide wholesale banking business services, including corporate deposits, syndicated loans and trade finance.
The branch will become a foothold for ABC to expand further its presence in the Middle East and North African markets. ABC now has 13 overseas branches and sub-branches in 11 countries and regions.