First Gulf Bank's Corporate and Institutional Clients have access to state of art international trade and payment products, due to the strong alliances that the Financial Institutions (FI) department has established with a large network of local / international banks. Our global banking partnerships ensure that our customers avail a broad spectrum of products and services in line with their expectations.
The correspondent banking activities assist in facilitating the outgoing business of First Gulf Bank and engage in various products such as:
- Letter of Credits
- Confirmation of Oil L/C's in favor of ADNOC / IPIC
- Issuance of guarantees against counter guarantees of Correspondent Banks
- Risk Participation transactions
- FI Syndications
First Gulf Bank is considered as one of the most active players in syndication markets in the UAE and GCC countries, with a syndication portfolio comprising some of the most prestigious syndication transactions relating to Government and semi Government assets.
The syndications department consists of an expert team with a thorough understanding of the region and has actively participated in over 30 syndication deals throughout the GCC at different levels and roles. Syndications not only contribute to domestic profile building but also provide First Gulf Bank an opportunity to book quality GCC based assets. Loan syndications such as Etihad Airlines, Dubai Ports Authority, SADAF, SABIC, Dolphin, RAK Ceramics, Thurayya Satellite, Umm Al Nar Power Plant, Taweelah B Power Plant, Shweihat Power Project, Oman LNG and Tabreed are a few of the projects handled by the Syndication department.
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