Europe Arab Bank plc announces activation of Europe Arab Bank SA
On 31 March 2020, Europe Arab Bank plc (EAB plc) transferred business booked in its branches in France, Germany and Italy to its newly formed subsidiary Europe Arab Bank SA (EAB SA). This is in line with our previous communications regarding EAB plc’s strategy to mitigate the potential loss of financial services passporting rights into the European Union after the UK’s planned exit on completion of the transition period at the end of this year (or as extended). EAB SA is a fully owned subsidiary of EAB plc and is authorised and regulated by the Autorité de Contrôle Prudentiel et de Résolution, having a full European passport. EAB SA remains committed to the Bridge to MENA business proposition of its immediate parent, EAB plc.
Our services will continue to be provided by the same professionals from our offices in France, Germany and Italy as previously.
We would like to thank you for your continued support. Should you have any concerns or questions relating to the ongoing service we provide to you, please do not hesitate to contact your usual Relationship Manager or use the ‘Contact Us’ link in the top right corner to access the message form.
Europe Arab Bank SA (Registration Number: 844 842 278 R.C.S Paris) is a société anonyme incorporated in France and authorised and regulated by the Autorité de Contrôle Prudentiel et de Résolution. APE Code: 6419Z. Registered office: 41 Avenue de Friedland 75008 Paris, France.