EDB backs investment banking summit in Dubai

Bonds, Loans & Sukuk Middle East, the region’s largest event for the corporate and investment banking industry, will be attended by Emirates Development Bank (EDB), a leading bank in the UAE.

According to Emirates News Agency WAM, EDB is a Gold Sponsor of the event, which is scheduled to take place between the 7th and 8th of June at Madinat Jumeirah, Dubai, and will use the platform as part of its objective to engage with stakeholders in the investment and development community.

In addition, EDB will emphasise its distinctive role in the UAE financial system. The bank is the first federal entity to receive ratings from S&P and Fitch, and its focus on maximising national economic impact and in-country value, combined with risk prudence, has allowed it to partner with economic freezones, chambers of commerce, economic development departments, and commercial banks to deploy AED1.52 billion ($413 million) to priority sectors in the last year alone.