First Gulf Bank response to Reuters in Emiratisation

Published On: 
Wed, 13/07/2011 - 23:02
Reported by: 
Staff

Recently Reuters posted an article about Abu Dhabi cut expats jobs to trim cost and boost locals, which Abu Dhabi living published on 11th of Julyread it here, First Gulf Bank has released a short statement repudiating claims made in a Reuters article.

Beginning of the statement:

First Gulf Bank response to article recently posted by Reuters relating to Emiratisation

Abu Dhabi, July 13, 2011: In response to the article “Abu Dhabi cuts expat jobs to trim costs, boost locals” posted by Reuters on (July 6, 2011) First Gulf Bank (FGB) would like to clarify that the claims made in this article are incorrect and do not represent the current HR policy of FGB.

FGB is committed to the community in which it operates and is investing heavily in all of its employees both Emiratis and expatriates.

About FGB
As one of the leading banks in the UAE, First Gulf Bank (FGB) has Shareholder Equity of more than AED24 billion making it one of the largest equity based banks in the UAE. Established in 1979 and headquartered in the UAE capital, Abu Dhabi, the bank provides financial services in various business and industrial areas with a wide network of branches across the Emirates; in addition to the bank’s entity in Singapore and Qatar it has a representative office in India.

Today, FGB is recognised as a world-class organisation committed to maximising shareholders, customers and employees’ value as it focuses on delivering banking products and services that meet the Clients’ requirements as well as the dynamic economy, perpetuate progress in the UAE. In line with its commitment to excellence the bank also continues to improve service standards, while simultaneously investing in HR, IT, and communication systems.

Thanks and Regards,

End of the Statement.

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