Strategic Alliance between ADNIC and ADCB Offers Customers Innovative Insurance and Banking Solutions

30 January 2011

Abu Dhabi, 30 January, 2011: Abu Dhabi Commercial Bank (ADCB) one of the UAE's leading banks, partners with Abu Dhabi National Insurance Company (ADNIC), one of the prominent insurance companies in the Region to provide new technological, internet banking and cash management solutions, which will further enhance ADNIC services to its customers. In addition, ADNIC as a "Reliable Insurer" will offer its innovative banc assurance products to all ADCB's Commercial customers with affordable insurance solutions.

Under this mutual partnership, ADCB and ADNIC will provide high quality Customer Service and value to ensure that both their customers have consistent support and positive experience with their banking and insurance services.

ADCB will provide ADNIC with an array of services to include medical claim payments, collections of premiums, detailed reporting and management of post dated checks. ADNIC will have access to all services on ADCB's Internet Banking as well as Host-to-Host channels. ADNIC offers their bank assurance products through ADCB SME franchise.

Mr. Ala'a Eraiqat, ADCB CEO said: "We are pleased to have an opportunity to provide ADNIC with innovative cash management solutions to help achieve operating efficiencies and value-added customer servicing. Strategic alliances such as ours show ADCB's commitment to be a market-leading provider of cutting edge banking products and services.

Mr. Walid Sidani, ADNIC CEO said: "ADNIC is looking forward to this mutually strategic partnership with ADCB as we always seek to better serve our customers and provide them with excellent customer care. This partnership is aligned with ADNIC's strategic pillar of being "customer centric" to provide better services to our valued customers."