•Ongoing expansion of domestic branch network in line with bank's commitment to enhanced customer convenience
•Third Emirates NBD branch to open in 2010
Dubai, March 27, 2010: Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the opening of a new branch in Emaar Business Park, Dubai. The third Emirates NBD branch to open this year has been opened in response to increased demand for services there and in other dedicated business districts, providing customers with greater flexibility and convenience.
"Emirates NBD continues to pursue its retail banking growth plans with great vigour," said Jamal Bin Ghalaita, Group Deputy Chief Executive Officer, Emirates NBD. "Expanding our branch network, growing our customer base and launching new products and services will be our focus this year. Today's announcement of the expansion of our branch network testifies our commitment to realising these goals."
"Over the past year, the bank has further expanded its UAE-wide branch and ATM network," he said, "most recently with the launch of its newest branch at The Residences, a cluster of nine high-rise towers in Downtown Dubai, adjacent to The Dubai Mall and Burj Khalifa, the world's tallest tower."
Mohamed Al Falasi, Senior Vice President and Head of Direct Sales Force and Alternative Channels, Emirates NBD, said: "The opening of our new Emaar Business Park branch comes in line with our commitment to meeting our customers' diverse needs. Located in close proximity to a range of major business, shopping and residential landmarks, this branch will cater to a diverse customer base, including those who work in the area."
Open from 9AM-4PM, Sunday to Thursday, the new branch will offer the complete range of Emirates NBD services.
-Ends-
About Emirates NBD Group:
Emirates NBD Group (DFM: Emirates NBD) is the biggest banking group in the Middle East by assets. At 31st of December, 2009, total assets were AED 281.6 billion and a market share of 20.5%.
The Group 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, with a market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations.
The Group 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
Public Relations Officer
Group Business 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
