Bank of Baroda, Dubai Properties Ink MoU for UAE Buyer Funding
Dubai, UAE: In a strategic move to facilitate easier financing for property buyers, Bank of Baroda, a leading Indian public sector bank, has signed a Memorandum of Understanding (MoU) with Dubai Properties, a renowned Dubai-based real estate company.
Partnership Details
- The agreement was formally inked between A. K. Gupta, Chief Executive for Gulf Operations at Bank of Baroda, and M. S. Binbrek, Chief Executive of Dubai Properties.
- This partnership aims to provide streamlined funding solutions to buyers of Dubai Properties' projects in the United Arab Emirates (UAE).
Bank of Baroda's UAE Presence
- Notably, Bank of Baroda is the only Indian bank offering comprehensive banking services across the UAE.
- Key Branches in UAE:
- Dubai
- Deira
- Sharjah
- Abu Dhabi
- Al Ain
- Ras Al Khaimah
- Additionally, the bank operates an Electronic Banking Service Unit at Jebel Ali.
- ** Presence in Other Gulf Countries:**
- Oman: 3 branches
- Bahrain: 1 branch