Abu Dhabi: Abu Dhabi-based bank FGB looks to maintain strong growth in 2015 having already closed a USD 313.7 million secured syndication facility on behalf of Dalma Energy.
The deal follows recent news that during 2014 the bank’s Wholesale Banking Group became the leading arranger for syndicated loans in the UAE.
In 2014, FGB extended USD 2.65 billion in credit — more than five times the amount offered by the bank in 2013 and the highest volume for FGB since 2007. Having climbed from tenth position in 2013, to number one in 2014, FGB is currently the top mandated lead arranger/loan arranger in the UAE, gaining the largest increase in market share among its competitors last year.
The bank has also secured second position for syndicated loans in the MENA region, from 34th place in 2013, and is the third leading Islamic loan mandated lead arranger in the EMEA region, moving up from 21st position for the previous year.
