UAE, Oct. 6 -- CRDB Bank has received regulatory approvals from both Tanzania and the United Arab Emirates (UAE), clearing the way for the launch of its Dubai subsidiary—its first step into the Middle Eastern market.

The move underscores the banks strategy to connect East African clients to global markets. CRDB is the largest bank in the country.

The lenders management says the expansion will leverage Dubais position as a regional financial hub, enabling clients to access global capital markets without the need for a physical presence outside the UAE.

CRDB Group Director of Corporate Affairs Tully Esther Mwambapa said that staff are currently setting up the subsidiarys office at the Dubai International Financial Centre (DIFC).

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