Business | Banking
NBF opens branch in Fujairah's Tawain area
National Bank of Fujairah (NBF) has opened a new branch in the Tawain area of Fujairah.
- Staff Report
- Published: 23:39 May 16, 2008
Dubai: National Bank of Fujairah (NBF) has opened a new branch in the Tawain area of Fujairah.
The bank said the branch is part of its strategy to consolidate its brand presence in key local markets.
Shaikh Saleh Bin Mohammad Al Sharqi, chairman of NBF, opened the branch. It has increased NBF's network to 12 branches, five of which are in Fujairah.
"Although maritime revenue is key to the local economy, Fujairah is diversifying with exciting infrastructure plans to support the fledgling travel and tourism trade, the new freehold developments and further expansion in the free trade zone," Shaikh Saleh said.
NBF started operations in 1984. It is 39 per cent held by the Fujairah Government and 10 per cent by Dubai.
NBF, listed on the Abu Dhabi Securities Market, is widening its product range by expanding its retail banking services while buildings its corporate banking businesses.
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