Available to all online banking customers until June 30, 2011
Includes all foreign currency telegraphic transfers
Bank committed to providing attractive benefits and greater convenience
Dubai, May 9, 2011: Emirates NBD, a leading bank in the region, announced today that its foreign currency telegraphic transfer facility is free of charge for online banking customers until June 30, 2011.
"Today's announcement will enable our customers to make all foreign currency online transfers, free of charge, until end of June 2011," said Abdulelah AlKindy, General Manager, Retail Banking, Emirates NBD. "This is in line with our commitment to provide attractive benefits and greater convenience to what is already a fast and efficient alternate banking channel."
The limited-period offer is in line with the bank's commitment to providing its customers with relevant and convenient services. It is valid for all foreign currency telegraphic transfers that are conducted via BankNet, Emirates NBD's comprehensive online banking system.
"UAE remittances total around AED 120 billion each year, primarily to support dependents or for investment purposes," continued AlKindy. "With a large expatriate population working and residing in the UAE, foreign currency telegraphic bank transfers are among the more popular services provided by UAE banks.
"At almost half of the total, the largest volume goes to India, followed by China Bangladesh, the Philippines, Pakistan, Nepal, Sri Lanka, Indonesia and other countries," he added.
"As the pioneering online banking service in the UAE, Emirates NBDs BankNet offers the ideal platform for making fast and convenient telegraphic transfers to anywhere in the world. The transaction can be carried out simply from any Laptop or Smartphone, from the comfort of one's home or office," he continued.
BankNet allows customers to view their account details, transfer funds, open accounts and order chequebooks and ATM/debit cards online, with no fees and 24-hour availability. With 32 payment partners, including Etisalat, Du, SALIK, DEWA, RTA, Emaar Properties, flydubai and many others, the greater part of managing personal finances can now be taken care of from a single platform.
Other banking solutions offered by Emirates NBD include mobile banking facility, the latest addition to Emirates NBD's numerous existing information technology channels, which also include online, telephone and PDA banking.
-Ends-
About Emirates NBD:
Emirates NBD (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 combined 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 combined 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:
Afaf Jbara / Hassan Al Khuwaildi
Communications
Group Marketing, Emirates NBD
Tel: 971-4-6093559
Mob: 971 50 8842020 / 971 50 7454454
Email: Afafj@emiratesbank.com / HassanAl@emiratesnbd.com
Iman Ahmed
ASDA'A Burson-Marsteller
Dubai, UAE
Tel: 971-4-3355969
Fax: 971-4-3356080
Email: i.ahmed@asdaa.com
© Press Release 2011
