ADCB, Santander To Partner On Project, Trade Financing

Law360, New York (November 5, 2012, 6:17 PM EST) -- Abu Dhabi Commercial Bank PJSC and Spain’s Banco Santander SA have formed an alliance that will see the lenders team up in the areas of trade and project finance in an attempt to raise Banco Santander’s profile in the Middle East, ADCB announced on Sunday.

The alliance, which was finalized on Thursday, will specifically serve ADCB and Banco Santander clients who do business in countries were both banks are not present, according to a statement from the Middle Eastern lender.

"With banks in the Middle East...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.