Israel’s Bank Leumi, UAE banks sign accords to promote business ties

Times of Israel | Sep 15, 2020 at 7:42 PM
  • The chairman of Bank Leumi, Samer Haj Yehia, and Leumi’s CEO Hanan Friedman, who are visiting the UAE with a delegation of Israeli business leaders, signed the accords with First Abu Dhabi Bank (FAB) and the Emirates NBD of Dubai.
  • The banking accords will allow the parties to work together to promote relationships with corporations and financial institutions in Israel and the UAE and jointly provide the banking platforms required for such relationships, such as interbank clearing services, interbank credit lines, trade and investment promotion, forex trading, and operations.
  • FAB Bank is considered the biggest in the UAE and one of the five biggest in the Middle East with total assets valued at some $235 billion.