To boost Egypt's economy and ease up on Egyptians in UAE
Remittance executed within 60 seconds to customer account in Egypt
The account boasts a package of banking services including current and savings accounts, international debit cards and others
Cairo - In a bid to boost the Egyptian economy and ease up on Egyptian expats in UAE, Emirates NBD launched the 'Nile Account' for Egyptian customers living in the UAE, boasting a number of advantages, most significant 60-second Direct Remit service to Egypt.
The new account aims at offering the bank's Egyptian customers, who are residents in UAE, state-of-the-art banking service, and to boost cash flow into the Egyptian economy.
Frederic de Melker, Head of Retail Banking and Wealth Management, Emirates NBD stated "Egypt is the largest foreign market for Emirates NBD. Launching the 'Nile Account' aims at providing our Egyptian customers in UAE, with state-of-the-art banking services. We are sure this move will be highly appealing to our customers."
The new Emirates NBD 'Nile Account' will offer its Egyptian customers a package of features. It offers the instantaneous Direct Remit service, allowing them to transfer remittances at competitive rates to Emirates NBD accounts in Egypt within 60 seconds and free of charge.
The Direct Remit service, considered to be the fastest remittance service, currently covers India, Pakistan, Philippines, Sri Lanka and Egypt with more corridors expected to be launched in the near future.
The Emirates NBD 'Nile Account' also offers a package of other features including current and savings accounts, deposits, cheque books, international debit cards and online banking services.
Emirates NBD's announcement is strategically aligned with its customer-centric philosophy that continuously innovates to deliver a superior customer experience.
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About Emirates NBD Egypt
Emirates NBD Egypt is a wholly-owned subsidiary of the Emirates NBD Group, the largest bank in its home country of the United Arab Emirates and one of the leading banking groups in the Middle East.
Emirates NBD, the leading bank in the Gulf Cooperation Council (GCC) region and in the United Arab Emirates, entered the Egyptian market on June 2013 through the acquisition of the BNP Paribas subsidiary in Egypt. Emirates NBD Egypt's network includes over 65 branches and 200 ATMs with wide geographic coverage in Egypt including major districts and cities such as Greater Cairo, Giza, Alexandria, North Coast, Delta, Upper Egypt, Sinai and the Red Sea. Emirates NBD Egypt offers its clients a broad range of sophisticated products and services in three major segments - Corporate Banking, Retail Banking and Investment Solutions. A customer-centric mindset ensures that all products are innovative, effective and address the unique needs of every client. Emirates NBD is committed to supporting Egypt's economy and society, and is dedicated to adding great value to Egyptian customers by introducing best-in-class banking products and services through extremely capable and talented staff.
About Emirates NBD
Emirates NBD is a leading banking group in the region. As at 30th June 2015, total assets were AED 388.1 Billion, (equivalent to approx. USD 105 Billion). The Group has a leading retail banking franchise in the UAE, with more than 220 branches and over 900 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. Emirates NBD is the largest bank in the United Arab Emirates by deposits, equity, one of the top 5 banks by assets in the Gulf Cooperation Council (GCC), and one of the top 10 banks in the Middle East by assets value. Emirates NBD has a full-fledged financial services platform capable of delivering enhanced value across Corporate, Retail and Wealth Management in addition to Islamic and Investment banking throughout the Middle East & Gulf Cooperation Council (GCC).
© Press Release 2016
