Yes Bank, India's fifth largest private sector bank announced its international foray by launching its first International representative office in Abu Dhabi, U.A.E. today.

Rana Kapoor, founder, managing director and CEO, Yes Bank,  said ''The GCC (Gulf Cooperation Council) region is an important geography for our NRI business and our Gulf foray will play a key role in our aspiration to become ‘the Savings Bank of India’. The opening of our first international office showcases our commitment to growing our footprint in the international banking space.''

The bank is keen to expand in some of the key international financial markets in order to serve the large sections of NRI population. Yes Bank has leveraged its human capital, technology, speed and financial knowledge to be the Banker of First Choice for NRI customers by delivering high quality, customized, state-of-the-art products & services.

Shares of the bank declined Rs 12.6, or 1.53%, to trade at Rs 811.55. The total volume of shares traded was 149,489 at the BSE (12.52 p.m., Monday).