Business | Banking

Emirates NBD expands services in Sharjah

New Business Banking Centre will focus on needs of small enterprises

  • Staff Report
  • Published: 00:00 May 9, 2010
  • Gulf News

  • Image Credit: Supplied picture
  • Jamal Bin Ghalaita, Group Deputy CEO of Emirates NBD, with other officials at the opening of the bank's Small and Medium-sized Enterprises centre in Sharjah.

Dubai:  Emirates NBD has opened its first Business Banking Centre in Sharjah to serve its Sharjah-based SME (Small and Medium-sized Enterprises) clients better, the bank said yesterday.

The centre on the mezzanine floor of Emirates NBD's main branch on Al Qasimiya Street in Sharjah was opened following the successful operations of the bank's three Dubai-based Business Banking Centres in Satwa, Jebel Ali and Deira.

The bank said its decision to open a dedicated facility is in line with its strategic objective to support the SME sector that accounts for about 80 per cent of UAE business sector activity. The opening of the centre is also in response to the growing demand for business banking services in Sharjah and the northern emirates.

"Recent studies show that SMEs account for about 99 per cent of the business sector worldwide and for 50 per cent of global GDP," said Jamal Bin Ghalaita, Group Deputy CEO of Emirates NBD. "This trend has begun to be increasingly reflected in the UAE, which is ranked 25th according to business environment for start-ups by the UAE Global Entrepreneurship Monitoring Report."

The relationship managers assigned to the clients bring along a sound understanding of business needs. The Centre also offers a service proposition that includes preferential pricing and services, red carpet privileges, Emirates NBD Business Credit and Debit cards and access to online banking via smartBUSINESS, the bank said.

Data centre honoured

Emirates NBD's Al Barsha Data Centre Project was awarded the prestigious NetworkWorld Middle East Awards 2010 for the "Data Centre Project of the Year" in a glittering ceremony on April 27.

This is the second industry recognition for the Emirates NBD Al Barsha Centre, which is the largest Data Centre owned by a bank in the region.

— Staff Report

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