Al Ansari Exchange, a leading exchange company in the UAE with the largest branch network, started as an offshoot of a flourishing trading business by the Al Ansari family almost 60 years ago. Al Ansari Exchange was established primarily to meet the foreign exchange and remittance needs of their trading partners and customers at a time when formal banking was yet to be established in the country.
With the gradual evolution and semblance of banking in the mid-1960s, the first branch was opened in Abu Dhabi in 1966.
From there on the company has made quick strides and progressed to emerge as one of the largest and most popular exchange companies in the UAE. Al Ansari Exchange is rated “5A1” by “Dun & Bradstreet”*, the highest achievable rating level indicating minimal risk and a high degree of credit, in addition to being licensed and regulated by the Central Bank of the UAE.
Today, Al Ansari Exchange boasts a network of over 200 branches, employing over 3,500 multilingual staff who cater to more than 3 million customers every month with fast, reliable and efficient service at very competitive rates.
The company has also included in its portfolio of services a set of digital solutions, such as the Al Ansari Exchange mobile app, that contributes to around 14% of the total number of transactions.
Al Ansari Exchange has seen healthy year-on-year growth in outward remittances through its network, averaging around 120,000 transactions a day.
*An internationally recognized credit rating agency.