Emirates Development Bank contributes Dhs1.91bn to UAE'S GDP.
Emirates Development Bank (EDB) said that as part of a new strategy that it launched in March 2021, it has contributed Dhs1.91bn to the UAE's GDP growth.
The strategy included direct and indirect financing of 1,350 SMEs across priority sectors, and the launch of a new Credit Guarantee platform, which mobilised more than Dhs332m of capital to SMEs, according to news agency WAM.
The figures were released during a recent EDB Board meeting. The new strategy focuses on the growth and development of large corporations and SMEs in five key sectors: manufacturing, advanced technology, infrastructure, healthcare and food security. EDB has said that it...
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