Dubai – Mubasher: Fitch Ratings has assigned ‘AA-’ rating to Emirates Development Bank (EDB), according to a company statement released on Sunday.
I am proud that EDB has received such significant credit rating, which reflects the lender’s solid financial and credit positions, the UAE financial affairs minister Obaid Humaid Al Tayer said.
EDB is a state-owned bank offers various services including the facilitation of the real estate credit allocated for the construction, maintenance, and development of buildings prepared for private housing, along with the provision of support to national entrepreneurs.
