Investment Corporation of Dubai Signs MoU with Banco Santander
02. Aug, 2012
The Investment Corporation of Dubai (ICD) signed a memorandum of understanding (MoU) with Banco Santander. Banco Santander is a Spanish multinational bank with global operations but heavily active in Europe, Latin America, and the United States. The MoU was signed to “to explore potential areas of cooperation to jointly offer world class financial services in the region and other emerging markets.”
Dubai is one of several metropolitan areas in the Gulf that are attracting financial institutions and investment companies.
Banco Santander, S.A.
| Geographic Segment – FY 2011 | Total Assets (USD Millions) |
|---|---|
| Continental Europe | 653,998 |
| United Kingdom/Abbey | 461,418 |
| Latin America | 356,790 |
| Sovereign | 74,903 |
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