Emirates Development Bank discusses collaboration with Poland’s BGK

By Shilpa Annie Joseph, Official Reporter
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Emirates Development Bank (EDB), the fully-owned UAE Federal Government financial entity, has discussed areas of potential collaboration with the Bank Gospodarstwa Krajowego (BGK), the national development bank of Poland.

This meeting is part of EDB’s mission to connect and collaborate with leading development banks around the world.

During the meeting, which was held virtually, the banks’ representatives discussed their shared vision to support large corporations, SMEs, and entrepreneurs, and to help stimulate economic development in their respective countries.

Ahmed Mohamed Al Naqbi
Ahmed Mohamed Al Naqbi

“The meeting with BGK is part of our efforts to exchange our knowledge and experiences with our partners in other countries. We presented our strategic roadmap and its goals with their leadership and explored opportunities to collaborate on joint projects to ensure economic growth and development across both countries. It was extremely useful to learn about BGK’s strong legacy over the past 100 years.”

Further, Mr. Al Naqbi introduced EDB’s new role as the key financial enabler of the UAE’s economic diversification and industrial transformation agenda, emphasizing the bank’s focus on the key sectors of manufacturing, healthcare, infrastructure, food security, and technology.

The EDB CEO Al Naqbi also revealed the range of flexible financial products the bank offers to enhance the bankability of SMEs and provide strategic support for the expansion ambitions of large corporates and services that offer a clear distinction to commercial banks.

Bank Gospodarstwa Krajowego is the only development bank in Poland. The bank’s mission is to support the social and economic development of Poland and the public sector in the fulfillment of its tasks.

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