NBAD said business banking center will offer credit facilities to companies, as well as trade finance, treasury services. The business banking group 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.
Th bank will offer services in export letters of credit, advising LCs, discounting of export documents, transferrable LC, negotiation and discounting of documents, assignments.
The new center in Jebel Ali follows NBAD’s launch of its first business banking centers in Abu Dhabi Industrial City (ICAD) and in the city of Al Ain.
NBAD head of business banking group Haitham Al Refaie said that NBAD continue to open new banking centers that exclusively serve small- and medium-sized businesses because serving this important segment is a core strategy of its 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 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 plans to 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.
