{"id":36805,"date":"2024-11-28T14:10:00","date_gmt":"2024-11-28T11:10:00","guid":{"rendered":"https:\/\/entarabi.com\/?p=36805"},"modified":"2024-11-28T14:18:35","modified_gmt":"2024-11-28T11:18:35","slug":"mashreq-bank-and-nbd-invest-in-loanbook-to-support-digital-loans-in-mena","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/11\/mashreq-bank-and-nbd-invest-in-loanbook-to-support-digital-loans-in-mena\/","title":{"rendered":"Mashreq Bank and NBD Invest in LoanBook to Support Digital Loans in MENA"},"content":{"rendered":"<p dir=\"ltr\" style=\"text-align: left;\">Mashreq Bank and Emirates NBD have invested in NewBridge, a fintech company and the owner of LoanBook, a platform specializing in syndicated loans and private credit across Europe, the Middle East, and Africa.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The financial terms of the deal were not disclosed.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">According to a report by NewBridge, which has its headquarters in both London and Dubai, the investment aims to enhance the efficiency of the digital syndicated loan market.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">The platform provides clients with advanced loan solutions, creating more growth opportunities and accelerating the pace of financial transactions.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">Previously, the platform facilitated loans worth billions of dollars for government institutions, further solidifying its financial stability.<\/p>\n<p dir=\"ltr\" style=\"text-align: left;\">LoanBook aspires to attract annual funding of $5.5 trillion to cover its primary syndicated loans and support the development of various projects, including fintech-driven entrepreneurial ventures within the UAE market and the wider region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mashreq Bank and Emirates NBD have invested in NewBridge, a fintech company and the owner of LoanBook, a platform specializing in syndicated loans and private credit across Europe, the Middle East, and Africa.<\/p>\n","protected":false},"author":11,"featured_media":36806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810],"tags":[2359,6347,3074,6348],"class_list":["post-36805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","tag-emirates-nbd","tag-loanbook","tag-mashreq-bank","tag-newbridge"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36805","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=36805"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/36805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/36806"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=36805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=36805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=36805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}