Mashreq and Germany's Commerzbank Agree on a Strategic Cooperation for Multinational & Corporate Clients

•    New products and services offering for Commerzbank’s clients
•    Establishment of a German Desk within Mashreq in Dubai

United Arab Emirates, Dubai, 08 May 2017: Mashreq Bank, the leading financial institution in the UAE, proudly announces its partnership with Commerzbank to enable multinational & corporate clients to utilise the products and services of Mashreq in the United Arab Emirates and their Middle East network.

As part of the cooperation, Mashreq will establish a German Desk at their Head Office in Dubai. This new dedicated relationship unit, headed by a former seasoned banker of Commerzbank, will be available to service Commerzbank’s German and European multinational and corporate clients on the ground.

“Becoming the preferred regional Bank of choice for multinational corporates has been one of our key initiatives in the last 2 years and we are excited to enter into this cooperation with Commerzbank that will allow us to leverage Commerzbank’s clientele and promote the banking services of Mashreq across our footprint in the region’’ says Nabeel Waheed, Group Head Corporate & Investment Banking.’’

"In line with our cross-border strategy, the new cooperation supports our objective of being the international strategic partner for German and European corporates. We are very pleased that we will be able to offer our clients excellent access to financing solutions and other services in the Middle East through Mashreq," says Roland Boehm, Divisional Board Member Corporates International Commerzbank."

Mashreq is the oldest private Bank in the UAE with award winning financial solutions and services. Throughout its 50 years' history, Mashreq has differentiated itself through innovative financial solutions, making it possible for its customers to achieve their aspirations. Today, Mashreq has a significant presence in 11 countries outside the UAE with 21 overseas branches and offices across Europe, USA, Asia and Africa.  Mashreq’s vision is to be the region's most progressive bank, Mashreq leverages its leadership position in the banking industry to enable innovative possibilities and solutions for its customers across Corporate, Retail, International, Treasury and Islamic Banking. 

Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. With Mashreqbank, Commerzbank is once again increasing its international network of partner banks for multinational & corporate clients, allowing Commerzbank to offer its clients’ fast and efficient support in the world's international markets.”