· Nile Account specifically made for Egyptian Nationals in the UAE
· DirectRemit service now includes Egypt as well as India, Philippines, Pakistan and Sri Lanka
Dubai - Emirates NBD, one of the leading banks in the region, today announced the launch of the Emirates NBD Nile Account and the extension of its 60- second DirectRemit service to Egypt to offer Non-Resident Egyptians in the UAE a one stop shop solution for all their banking needs.
The Emirates NBD Nile account will offer existing Egyptian customers of Emirates NBD access to banking products and services that are available in their home country. Additionally, the DirectRemit service will allow them to transfer remittances at competitive rates to Emirates NBD accounts in Egypt within 60 seconds and free of charge. The services are aimed at delivering an enriched customer experience for Egyptian expatriates in the country.
Commenting on the announcement, Suvo Sarkar, Senior Executive Vice President & Group Head - Retail Banking and Wealth Management, Emirates NBD said: "We are extremely happy to launch our new Emirates NBD Nile Account that will include extending our enormously popular DirectRemit service to Egypt. We want to provide our Egyptian customers with an attractive value proposition and we believe it will be met with a high degree of acceptance from our value conscious consumer base."
In addition to the instantaneous DirectRemit service, the Emirates NBD Nile Account will offer features including current and savings accounts, deposits, cheque books, international debit cards and online banking. With over 350,000 Egyptian nationals in the UAE, the service will be largely beneficial to those expatriates who want to take full advantage of the banking services available to them in Egypt.
Emirates NBD's announcement is strategically aligned with its customer-centric philosophy that continuously innovates to deliver a superior customer experience. The DirectRemit service, considered to be the fastest remittance service from the UAE, currently covers India, Pakistan, Philippines, Sri Lanka and Egypt with more corridors expected to be launched in the near future.
About Emirates NBD
Emirates NBD is a leading banking Group in the region. As at 31st March 2016, total assets were AED 414.5 Billion, (equivalent to approx. USD 112.6 Billion). The Group has a leading retail banking franchise in the UAE, with more than 220 branches and over 960 ATMs and CDMs in the UAE and overseas. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
The Group is an active participant and supporter of the UAE's main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.
For more information, please visit: www.emiratesnbd.com
For further information, please contact:
Head - Group Corporate Affairs
Telephone: +971 4 609 4113 / +971 50 6538937
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
© Press Release 2016