Newest addition to bank's existing payment partners

Customer convenience of paying for Emicool services through online banking

Dubai, December 13, 2010: Emirates NBD, the leading bank in the region, announced today that Emirates District Cooling Company (EMICOOL) is the latest addition to its growing list of payment partners for customers who bank online using Emirates NBD's online banking channel, BankNet.

EMICOOL is a supplier of chilled water for district cooling systems in use in residential, commercial and industrial development projects in the UAE. The addition of EMICOOL brings the bank's total number of Emirates NBD's online payment partners to 26, the largest number of payments partners available through any online banking channel in the UAE.

"As pioneers in Internet banking in the region, Emirates NBD Group is proud of its leadership in this area," said Mohamed Al Falasi Sr. Vice President, Head of Direct Sales & Alternative Channels, Emirates NBD. "Today's announcement is in line with our efforts to continuously evolve the range and depth of our online banking services."

"At Emirates NBD, our aim is to grow with the needs and lifestyle demands of our customers and technology plays an increasingly important role in that regard. The steady growth in the number of our Internet banking payment partners means that customers need spend less time queuing to pay for bills and other services, freeing up more time to spend on the important things in life," he added.

"EMICOOL is extremely pleased to announce this strategic partnership with Emirates NBD," said Anand Sundaresh, Finance Director at EMICOOL. "We always aim to develop long-lasting relationships with our customers, based on providing them with the highest standards of service. This partnership with the leading financial services provider in the Middle East means that our customers will be able to benefit from the convenient option of paying their bills online at the click of a mouse."

With the region's most advanced online financial services portal, Emirates NBD continues to provide easy access to a broad range of payment solutions. With 26 payment partners, including Etisalat, Du, Salik, Dewa (Dubai Electricity and Water Authority), RTA (Roads and Transport Authority) and now EMICOOL, Emirates NBD is the UAE's  leader in providing convenient payment options for the widest range of essential banking services.

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About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a leading bank in the region.

Emirates NBD has a leading retail banking franchise in the UAE, with 132 branches, 705 ATMs and SDMs. It is a major player in the UAE corporate banking arena, and has a strong Islamic banking, investment banking, private banking, asset management and brokerage operations. 

The bank has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore. For more information, please visit: www.emiratesnbd.com

For further information, please contact:
Hassan Al Khuwaildi
Assistant Manager - Communications
Group Marketing  
Emirates NBD
Tel: 971-4-2092263
Fax: 971-4-2329147
Email: HassanAl@emiratesnbd.com

Parisa Ansarian / Sudha Chandran
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Email: p.ansarian@asdaa.com / s.chandran@asdaa.com

© Press Release 2010