Bank of Palestine has received initial approval for a full banking licence from Abu Dhabi Global Market (ADGM), marking a major step in its international expansion.
The approval allows the bank to move closer to operating as a fully licensed global bank from the UAE, with plans to begin full operations in the second half of 2026.
What the Approval Means
The in-principle approval is for a Category 1 licence, ADGM’s highest banking licence. Once finalised, it will allow the bank to accept deposits and offer a full range of banking and investment services.
This decision shows regulatory confidence in the bank’s governance, financial strength, and long-term plans.
Why ADGM Matters
ADGM is one of the world’s leading financial centres, known for strong regulation and global reach. Operating from Abu Dhabi will help Bank of Palestine serve the global Palestinian community and international clients from a stable and trusted base.
Looking Ahead
This milestone strengthens financial ties between the UAE and Palestine and supports cross-border trade and investment. For Bank of Palestine, it marks a new chapter of growth, global reach, and long-term ambition.
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