Emirates Development Bank (EDB)

Emirates Development Bank (EDB) founded under a decree issued by the President of State, H.H Sheikh Khalifa bin Zayed Al Nahyan by Federal Law No. 7 of 2011. The establishment of the bank came within a clear vision and well-defined and effective message moving forward to build a national economy characterized by diversity, and based on innovation and allows citizens’ to access suitable accommodation by providing finance at affordable economic cost. The bank also provides support, finance and innovative banking solutions that achieve sustainable development of small and medium business companies. EDB enhances sustainable growth of vital sectors in the national economy, through providing financing and banking services in conditions that ensure the sustainability of growth for all parties involved in the development process. EDB will create more jobs for residents and help in the movement towards smart industries, the establishment of economic development projects that ensure persistence of high levels of living for UAE citizens and residents, and the development and implementation of development projects in the state.