Largest Russian Bank to open office in Abu Dhabi

Largest Russian Bank to open office in Abu Dhabi

ABU DHABI — The largest commercial bank in Russia, Central, and Eastern Europe is on course to open an office in Abu Dhabi by the end of this year, according to a top executive.

Sberbank is looking to promote investment activity in both conventional and Islamic finance through cooperation with funds, financial institutions, and other bodies in the Middle East, Behnam Gurban-Zada, Head of Islamic banking at Sberbank, said in a statement to WAM on Thursday.

In late September, the state-owned bank signed an agreement with Abu Dhabi sovereign investor Mubadala Investment Company to "tap the