World’s first fully digital bank was set up in Abu Dhabi

The United Arab Emirates “United Daily News” reported on October 17, 2018, on October 16, Prince Duke of York, Prince Andrew opened the Anglo-Gulf Trade Bank in Abu Dhabi.

Headquartered in ABU dhabi’s global market (ADGM), the bank is the world’s first fully digital bank,will provide innovative trade finance for small and medium-sized enterprises in the united Arab emirates, gulf states, the United Kingdom and southeast Asia.

The Bank is jointly established by the UK AGTB Holding group and the UAE Mubadala Investment company and is expected to be formally operational in early 2019.