No employee to be made redundant over COVID-19 pandemic: ADCB Group

ADCB's merger with two UAE banks in May 2019 left hundreds of employees redundant

  
Abu Dhabi Commercial Bank (ADCB) in Dubai, United Arab Emirates.

Abu Dhabi Commercial Bank (ADCB) in Dubai, United Arab Emirates.

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ADCB Group, including Al Hilal Bank, has pledged that no employee will be made redundant during 2020 as a result of the COVID-19 pandemic.

“The banking sector plays an important role in ensuring UAE residents and businesses are supported in these challenging times and ADCB Group recognises the importance of expressing solidarity with our employees and their families as they carry out their roles in this challenging period," said Khaldoon Al Mubarak, Chairman of ADCB Group.

Supporting “the wellbeing of our customers, partners and employees remains our highest priority,” Al Mubarak added.

The Abu Dhabi-based lender will continue to collaborate with all UAE government agencies and other leading private sector companies to ensure a swift and effective response to the economic challenges this health challenge is bringing, he said.

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank merged in May 2019. The merger created the Gulf region’s fifth-biggest lender with about $114 billion in assets and left hundreds of employees redundant.

(Writing by Mily Chakrabarty; Editing by Anoop Menon)

( mily.chakrabarty@refinitiv.com )

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© ZAWYA 2020

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