Under the terms of the deal, BofA Merrill is expected to enables its UAE-based clients to access ADCB’s services and concurrently, ADCB is expected to enable its clients to access BofA Merrill’s global network of corporate banking and cash management.
Bank of America provides individual consumers, small- and middle-market businesses and large corporations with services which include banking, investing, asset management and other financial and risk management products.
ABCB serves roughly 590,000 retail customers and over 20,000 wholesale clients.
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