The bank said that the new business banking center will provide customers with new, specialized, customer-oriented products and services.
NBAD Business Banking Group head Haitham Al Refaie said that serving SMEs is a core strategy of NBAD’s domestic operations.
"NBAD will launch 14 dedicated business banking centers throughout the UAE in 2011 in line with our strategic objective to serve this significant sector," Al Refaie said.
The new center follows NBAD’s launch of its first business banking center in February in Abu Dhabi Industrial City.
Business banking group at NBAD provides solutions for financial transactions of all companies operating in the commercial segment through the bank’s branch network in the UAE and specialized products.
NBAD offers services in export letters of credit, advising LCs, discounting of export documents, transferrable LC, negotiation and discounting of documents, assignments.
NBAD said its 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.
