Emirates Development Bank (EDB)
Punit Chawla is an accomplished financial executive currently serving as Chief Financial Officer at Emirates Development Bank since June 2023. With extensive experience in financial leadership, Punit has previously held the CFO position at Commercial Bank International, Mawarid Group, and First Abu Dhabi Bank Group. Notably, Punit spent over 12 years at Emirates NBD Group, where responsibilities included CFO and Head of Strategic Performance Management. Additional experience includes a senior managerial role at ABN AMRO Bank N.V. and managerial positions at Citi India and EY. Punit Chawla holds an Executive Program in Strategy from IMD, a Master's in Business Leadership from Duke University, and qualifications in Chartered Accountancy and Company Secretaries from relevant institutes in India.
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Emirates Development Bank (EDB)
Emirates Development Bank (EDB) is the UAE’s development bank, a key financial engine for the economic development and industrial advancement of the nation. Our mission is to foster a healthy, sustainable, and self-reliant economy through the provision of financing solutions to SMEs and corporates domiciled in the UAE and engaged in any of our five strategic priority sectors. These include advanced technology, food security, healthcare, manufacturing and renewables. Given its developmental mandate, the Bank is not-for-profit, offering patient capital and favourable financing terms to our clients. EDB provides direct financing solutions to all clients and also indirect financing solutions to SMEs through guarantees to our commercial banking partners. We go one step further by fostering the UAE entrepreneurship ecosystem with our unique digital banking product suite tailored to start-ups and also non-financial education and mentoring programmes aimed at advancing creditworthiness and financial literacy. As the UAE’s development bank, EDB seeks to attract and retain the best talent through a supportive culture and continuous professional development opportunities. The Bank’s employees are united by the shared commitment to develop the UAE economy, a goal which is embedded in every aspect of their work and fills them with a sense of pride. Emirates Development Bank’s vision is to be a key financial engine dedicated to the economic development and industrial advancement of the UAE.