NATIONAL BANK OF FUJAIRAH 
By Award is bestowed on NBF for two years running and cements its status as preferred partner for small businesses in the UAE
22 June 2013
National Bank of Fujairah PSC (NBF) announced that
it has received the "Best Domestic Commercial Bank" at this year's Banker
Middle East (BME) Industry Awards. This marks the second year running that NBF
has been acknowledged for its longstanding support of the small business sector
and reaffirms its tradition of excellence in the areas of commercial banking,
trade finance and treasury.
Organised by publisher CPI Financial, the annual BME
awards celebrates the best in class in the regional banking sector, and NBF
received plaudits for its trade finance, treasury and commercial banking
services when it first participated in the forum last year. The bank extended
its winning streak this April, retaining the "Best Treasury Management" title
for a second consecutive year and securing "Best Foreign Exchange Service" and "Best
SME Trade Finance Offering" at the product awards, a separate BME event
focusing on the best in banking products and services.
Since its inception in 2003, NBF's commercial
banking division has grown from strength to strength to become one of the
fastest growing segments of the bank in terms of revenue and currently
constitutes about 13 per cent of the bank's loan book and a quarter of its
operating income.
A trusted partner to more than 1000 companies with annual
turnovers from AED 5 million to AED 200 million, NBF's strong track record in
the local economy has given it an intuitive grasp of the needs of small
businesses, while its focused and segmented approach made it more adept at customising
solutions that best meet the working capital and capital expenditure
requirements of its customers. NBF offers tailor made solutions and collateral
free business loans to customers in different industry segments. While it's
highly experienced team of relationship managers regularly interacts and cross
sell various products to clients from the bank's award-winning trade finance
and treasury teams for specialised service offerings.
As part of ongoing efforts to engage its business
clients, NBF regularly organises workshops apprising customers of the latest
trends in international trade. This year, the bank launched its first-ever
branding campaign featuring long-time commercial banking clients - Gulf Star
Cooling Services, Taj Mahal Restaurants, Brands For Less and Royal Printing
Press, whom the bank has helped in growing their business through thick and
thin.
Speaking on the sidelines of the BME awards dinner
at the Emirates Towers Hotel in Dubai last Wednesday, NBF CEO Vince Cook reiterated
the bank's commitment to the small business sector in the UAE.
"Since participating at the BME Awards last year,
we have been humbled by the remarkable show of support that our customers and
industry peers have given us. We are glad to see the bank's profile grow year
on year, and this latest award has only served to lend greater
conviction to our ongoing efforts at becoming one
of the UAE's leading business banks and to do the right thing for our
customers.
"NBF remains committed to partnering the country's
business community. I would like to take this opportunity to once again thank
our clients and partners for their trust and support, and as the UAE economy
turns a new chapter in its development, look forward to working with them to
maximise the growth opportunities within the region for greater success."
About National Bank of Fujairah PSC:
Incorporated in 1982, National Bank of Fujairah PSC
(NBF) is a full services corporate bank with strong corporate and commercial banking,
treasury and trade finance expertise as well as an expanding suite of personal
banking options. Leveraging its deep banking experience and market insight
within Fujairah and the UAE, NBF is well-positioned to build lasting
relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of
Fujairah, Easa Saleh Al Gurg Company LLC and Investment Corporation of Dubai.
It is listed on the Abu Dhabi Securities Exchange under the symbol "NBF" and
has a branch network of 14 across the UAE.
For further information, please contact:
Corporate Communications Department
E-mail: CorpComm@nbf.ae
Telephone: +9714 397 1700
Facsimile: +971 4 3975385
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