Business banking group at NBAD will provide solutions for financial transactions of all companies operating in the commercial segment through the bank’s branch network in the UAE and specialized products. The business banking center will be lead by professional and experienced team.
NBAD offers services in export letters of credit, advising LCs, discounting of export documents, transferrable LC, negotiation and discounting of documents, assignments.
NBAD senior general manager of domestic banking division Saif Al Shehhi said that SMEs are very important players in economic growth, and the bank is keen in providing best products and highest standards of services to SME clients.
Recent statistics state that SMEs account for 46% of the UAE’s GDP and around 90% of all businesses in the country.
NBAD head of business banking group Haitham Al Refaie said that NBAD will launch 14 dedicated business banking centers throughout the UAE in 2011 in line with the strategic objective to serve this significant sector.
The 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 four business banking centers in Dubai and four more business centers in Sharjah, Ajman, Ras Al Khaimah/Umm Al Qaiwain, and Fujairah this year.
