ADCB grows SME and Equipment Finance Portfolio

Sunday 20 April, 2014, Abu Dhabi: Abu Dhabi Commercial Bank PJSC ("ADCB") has executed a Portfolio Transfer Agreement with Mubadala GE Capital PJSC under which ADCB will purchase a circa AED 450 m portfolio of asset finance loans for small and medium enterprises ("SME") based in the UAE.

The transaction follows a competitive bid process, and aligns with ADCB's strategy to support the development of SME's in the United Arab Emirates.

Ala'a Eraiqat, Chief Executive Officer and Board Member of ADCB stated:"We are delighted to have successfully executed this transaction, which affirms ADCB's clear strategy to focus on the UAE and provide banking and financing support to SMEs, which represent a critical component of the UAE economy."

He continued: "ADCB will significantly enhance its market leading and award winning SME franchise with this purchase. We continue to rapidly grow our SME customer base through a superior service and product proposition that has been proven to meet the needs of SMEs in the UAE."

Ronald Herman, Chief Executive Officer of Mubadala GE Capital PJSC, said: "We are delighted to have completed this transaction with ADCB who will be an excellent partner for our customers. We successfully developed a robust and valuable SME portfolio, and transactions of this nature are a normal part of continually evolving our business."

About ADCB:
ADCB was formed in 1985 and as at 31 December 2013 employed over 4,000 people from 57 nationalities, serving over 500,000 retail customers and approximately 41,000 corporate and SME clients in 50 branches, 3 pay offices in the UAE, 2 branches in India and 1 branch in Jersey. As at 31 December 2013, ADCB's total assets were AED 183 bn.

ADCB is a full-service commercial bank which offers a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate and currency derivatives and Islamic products, project finance and property management services.

ADCB is owned 58.08% by the Abu Dhabi Government through the Abu Dhabi Investment Council. Its shares are traded on the Abu Dhabi Securities Exchange. As at 31 December 2013, ADCB's market capitalisation was AED 34 bn.

About Mubadala GE Capital
Mubadala GE Capital PJSC is a specialized finance company providing financing solutions and expertise to a full range of customers across key industry segments. Established in 2010 and headquartered in Abu Dhabi, UAE, the company is a joint venture between Mubadala Development Company PJSC (Mubadala) and GE Capital Corporation (GE Capital). Through its partnership, Mubadala GECapital harnesses the domain expertise and strength of its shareholders to co-invest in opportunities generated through GE Capital's global origination platform. Equipped with a diverse team of experienced investment professionals based in the UAE, Europe and the US, Mubadala GE Capital is aligned to help businesses grow and build for tomorrow.

For future information about Mubadala GE Capital, please visit www.mubadala-ge.com.

Media Contacts
ADCB
For further details please contact:
Corporate Communications
Dr. Majdi Abd El Muhdi
E: majdi.a@adcb.com

Mubadala GE Capital
Robin Haddrill
+971 50 612 9846
robin.haddrill@edelman.com