The new business banking centre will exclusively serves SME and is located in UAE’s Jebel Ali free zone.
The new centre in Jebel Ali follows NBAD’s launch of its first business banking centers in Abu Dhabi Industrial City (ICAD) and Al Ain.
NBAD’s new business banking center, which will be run by professional and experienced talent, offers credit facilities to companies, as well as trade finance, treasury services, among its many superior services.
NBAD’s Business Banking Group’s expansion plan include opening four business banking centers in Abu Dhabi city, one center in Al Ain, and one center in Western Region in the Emirate of Abu Dhabi in 2011.
In addition, Business Banking Group at NBAD will launch three more business banking centers in Dubai and four more business centers in Sharjah, Ajman, Ras Al Khaimah/Umm Al Qaiwain, and Fujairah this year.
To support SMEs in the UAE and facilitate their growth, NBAD became an administrator of the Khalifa Fund through its partnership with Khalifa Fund for Enterprise Development which began late last year.
The bank also signed a Memorandum of Understanding (MoU) with Dubai SME, the agency of the Department of Economic Development (DED) mandated to develop the small and medium enterprises (SMEs) sector.
