Italian bank said that the Dubai Hub Branch will coordinate all offices of the division currently located in the area: Beirut, Casablanca, Cairo, Istanbul and Tunis.
According to the group, the opening of the branch is in line with its business plan guidelines presented to the markets on 6 April, and part of its project of international development and expansion of the corporate and investment banking division, headed by Gaetano Micciche, general manager of the bank.
The opening of the Dubai Branch marks the fourth Hub of the Business Internationalization Department – headed by Walter Ambrogi.
The bank said that it is designing dedicated new products and services which will be added to the existing solutions available for customers, presented last year.
The other products include 360-degree Export, a solution for the various forms of financing in the several phases of an export trade transaction.
International+: medium- and long-term loans granted through Mediocredito Italiano. These loans may also be used for structured financing transactions in case of more complex requirements (M&A, project finance, real estate), with the support of Banca IMI.
Tradeway is a range of advanced information services allowing companies to enter their trade profile in the leading B2B development networks, search for and encourage partnerships through promotion in the countries of interest and receive trade and credit information on foreign operators.
The other three Hub Branches are located in London (which oversees the offices of Amsterdam, Frankfurt, Madrid, Paris, Athens, Moscow, Stockholm and Warsaw), Hong Kong (Shanghai, Singapore, Beijing, Ho Chi Min City, Mumbai and Seoul) and New York (Sao Paulo and Santiago).
