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IMPORTANT ANNOUNCEMENT - CLOSURE OF ADIB (UK) LIMITED REGULATED BANKING OPERATIONS
Date: 22/01/2020
It is with considerable regret that we advise that, for purely strategic reasons, ADIB (UK) Limited has decided to close its regulated banking operations in the UK.
Although ADIB Group will maintain a presence in the UK, in order to continue serving those customers who require Commercial Real Estate Financing services, our decision does mean that we will no longer be able continue to provide regulated banking services, including current accounts, savings and deposits, as well as safe deposit boxes.
The closure process is targeted for completion by 31st July 2020; we will, however, be contacting all our customers by 31st January 2020, advising them of these changes and giving them sufficient notice to make alternative banking arrangements.
During the closure process, all accounts will continue to operate as normal, although teller services will be withdrawn with effect from 31st March 2020 (customers may, however, continue to withdraw cash at our branch self-service ATM); in addition, our decision does mean that customers will be unable to open any new accounts with us.
We would like to take this opportunity to thank our customers for having chosen to bank with ADIB (UK) Limited. Whilst we are very sorry for any inconvenience that our decision may cause, we are committed to working with our customers and other affected stakeholders to ensure that the closure process takes place smoothly with the minimum of disruption.
If you have any concerns or enquiries regarding this announcement, please do not hesitate to contact us at +44 (0) 207 590 2212 Ext 813-2212 or +44 (0) 207 590 2238 Ext 813-2247.
