DUBAI:, A leading Indian public sector bank Bank of Baroda, has signed a memorandum of understanding with Dubai-based real estate company Dubai Properties for funding buyers of the latter’s products in the United Arab Emirates (UAE).

In a statement Dubai Properties declared that the contract has been signed between Bank of Baroda chief executive for Gulf operations A. K. Gupta and Dubai Properties chief executive M. S. Binbrek.

Bank of Baroda is the lone Indian bank providing complete banking services in the UAE.

It has 6 branches, in Dubai, Deira, Sharjah, Abu Dhabi, Al Ain and Ras Al Khaimah and an electronic banking service Unit at Jebel Ali near here. In Oman, the bank has three branches and in Bahrain one.