Emirates Development Bank recognized as best regional development bank at International Finance Awards

Emirates Development Bank recognized as best regional development bank at International Finance Awards

Dubai, United Arab Emirates: Emirates Development Bank ("EDB" or "the Bank"), the key financial engine of UAE economic development and industrial advancement, was recognized at the 11th Annual International Finance Awards held in Dubai on 18 January. EDB won the 'Best Regional Development Bank' accolade in recognition of its long tenor patient debt approach and innovative financing solutions to empower businesses and drive economic impact.

Ahmed Mohamed Al Naqbi, Chief Executive Officer at Emirates Development Bank, said: “We are delighted to receive this prestigious award which is a testament to EDB’s commitment to innovating financing solutions and enabling investments with higher economic impact in the UAE. Our remarkable achievements and financing initiatives in the last year demonstrate our innovative approach as a development bank and our strategic focus on sectors that are vital for the UAE’s sustainable future, consolidating its position a regional and global economic leader.”

EDB continues to deliver economic impact by supporting businesses of all sizes within five priority sectors - renewables, manufacturing, technology, healthcare, and food security – and plans to approve AED30 billion in financing support to 13,500 companies by 2026. The Bank gives special attention to SMEs and focuses on enhancing their bankability and financial inclusion.