Page 81 - AAE PR REPORT - January 2024

1/10/24, 9:56 AM ADCB redefines its corporate and investment banking business – Euromoney magazine | The Press Room - Where Journalis…
HEDGING AND FOREIGN EXCHANGE

ADVISORY

ADCB’s investment in advanced digital technology has transformed its transaction banking business, enhancing client
convenience and operational efficiency. Platforms like ProCash and ProTrade simplify operations, reduce costs, and
offer unmatched convenience. ProCash, the bank’s cash management platform for corporates, offers reliable and
secure online banking solutions. Meanwhile, ProTrade, ADCB’s digital trade finance platform, streamlines trade
cycles and automates supply chains, making international trade financing swift and secure.

Mobilising sustainable capital

As momentum for sustainable finance grows within the UAE and the broader GCC region, ADCB is strategically
positioned to play a crucial role in mobilising capital to support the region’s transition to a low-carbon economy.

In November 2023, the bank joined the Net-Zero Banking Alliance, a group of over 130 leading global banks
committed to financing climate action to transition the real eocnomy to net zero greenhouse gas emissions by 2050.

To support this strategic initiative, the bank has more than tripled its sustainable finance commitment to Dh125 billion

($34 billion) by 2030, while setting a shorter-term target of Dh50 billion ($14 billion) by 2025. ADCB’s focus on
sustainable banking has been recognised by ESG ratings agencies such as Sustainalytics, which has rated ADCB as
the highest-ranked diversified bank in the region for ESG.

TO SUPPORT THIS STRATEGIC

INITIATIVE, THE BANK HAS MORE THAN

TRIPLED ITS SUSTAINABLE FINANCE

COMMITMENT TO DH125 BILLION ($34

BILLION)

To support corporate and investment banking group clients on their transition to net zero, ADCB is expanding its suite
of sustainable products and services beyond lending and capital markets solutions.

Most recently, the bank introduced Mastercard’s Carbon Calculator, which provides clients with the estimated carbon
footprint of spending made on their ADCB corporate cards. This followed the launch of a Sustainable Call Account,

where deposited client funds are allocated to sustainable and green bonds within ADCB’s treasury investment
portfolio.

A commitment to growth

ADCB’s evolution into corporate and investment banking reflects its commitment to delivering comprehensive and
sophisticated financial solutions. In line with its strategic plans, ADCB is focusing on growing its existing presence as

https://thepressroom.info/adcb-redefines-its-corporate-and-investment-banking-business-euromoney-magazine/ 3/4