Bank of Palestine Expands Globally with ADGM License

Bank of Palestine has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of the Capital of the United Arab Emirates (UAE) to obtain a Category 1 (CAT1) License. This authorization will allow Bank of Palestine to conduct the following regulated activities in or from ADGM: Accepting Deposits and Arranging Deals in Investments, targeting the Global Palestinian community at large.

Once fully operational in H2 of 2026, this license will allow the bank to operate globally from ADGM further strengthening its proposition and diversifying its operations leveraging seamless digital banking services.