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For the first time in the UAE, customers have a realistic solution for short-term cash needs
Abu Dhabi - In line with its efforts to provide its customers with unique banking products, FGB, one of the leading banks in the UAE, is launching a new service; a convenient cash solution. As part of its ongoing practice of actively listening to community needs and addressing financial challenges that are being faced by residents and expatriates alike, FGB partnered with UAE Exchange to launch an innovative, efficient solution for customers.
The new service, Advance, offers customers residing in the United Arab Emirates (UAE) an easy and convenient financial solution to meet immediate short-term cash needs at any time. As part of the agreement signed by both parties, customers will benefit from this new service provided by FGB using the extensive branch network of UAE Exchange across the UAE.
Girish Advani, Head of Personal Banking at FGB, said: "FGB is always looking for new solutions to provide UAE residents with creative services and products that meet their expectations and financial needs. Based on the feedback we have been receiving from clients, and from what we are hearing from residents, we felt that there was a real need for a service that would provide individuals with access to cash in a quick and immediate manner. We partnered with leading entity, UAE Exchange, and together we have come up with our new Advance service as a result."
Promoth Manghat, CEO, UAE Exchange, added: "It is a delight to partner with an esteemed organisation like FGB, which shares our vision and values for enhancing customer experience. Our partnership will enable the UAE residents to avail short-term cash advance at any of our close to 150 branches across the UAE, of which 17 are in Dubai metro network. I am sure the accessibility to the customers and the trust which UAE Exchange enjoys among them, adds to this new cash advance convenience, which will bring them immense value in times of need."
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Awards
- 2016 Banker Middle East UAE Product Awards: 'Best Co-branded Credit Card', 'Best Onshore Wealth Proposition' 'Best SME Trade Finance Offering' and 'Best Bancassurance Product'
- The Banker Middle East Industry Awards 2015: "Best Bank in the UAE" and "Best Bank in the Middle East"
- Seven 2015 Banker Middle East UAE Product Awards: 'Best Call Centre', 'Best Credit Card', 'Best Personal Loan', 'Best Wealth Management Service/Proposition', 'Best Offshore Wealth Proposition', 'Best Deposit Account Product' and 'Best Bancassurance Product'
- 2015 Bonds, Loans & Sukuk Middle East Awards: Project Finance Deal of the Year, Structured Finance Deal of the Year and Syndicated Loan Deal of the Year categories
- The Banker 2015 Islamic Banker of the Year Awards - 'Shariah-Compliant Window'
- 2015 Trade Finance Awards for Excellence: 'Best Islamic Trade Finance Bank EMEA'
- Asian Banker 2015 Middle East and Africa Country Awards: 'Best Wealth Management in the Middle East Award' and 'Best Mortgage and Home Loan Product in the Middle East Award'
- 2015 Global Capital Bond Market Awards: 'Most Impressive Middle East Borrower Award'
- 2015 Arabian Business Achievement Awards "Bank of the Year"
- 2015 Arabian Business Start-up Awards: "SME Bank of the Year"
- 'Innovation in Learning and Development' award and runner up as the 'Employer of Year' at the 2015 Middle East HR Excellence Award
About FGB
As a major leading bank in the UAE, FGB had Shareholder Equity of AED 32.8 Billion as of March 31st, 2016 making it one of the largest equity based banks in the UAE. Established in 1979 and headquartered in Abu Dhabi, the bank offers a full range of financial services to business and consumer sectors through a network of branches across the UAE. Internationally, FGB has branches in Singapore and Qatar, representative offices in India, Hong Kong, United Kingdom, Seoul- Korea and a subsidiary in Libya.
FGB is recognised as a world-class organisation committed to maximising value for shareholders, customers and employees as it focuses on delivering banking products and services that meet client needs and support the UAE's dynamic economy. In line with its commitment to excellence the Bank continues to invest significantly in people and technology to provide superior service standards. For more information visit FGB's corporate website www.fgb.ae.
About UAE Exchange
UAE Exchange commenced its operations in 1980. Today, it has grown into a leading global remittances, foreign exchange and payment solutions brand. Headquartered in Abu Dhabi, the brand has spread its footprint across the world. With close to 800 branches spread across 31 countries in 5 continents, it has emerged as the widest globally networked remittance brand. Strong correspondent banking relationship with over 140 global banks and smart technology add to its might. Over 9000 professionals, representing more than 40 nationalities, strive to achieve excellence and bring delight to more than 13.2 million customers worldwide. UAE Exchange is an ISO certified brand and member of prestigious global associations, recognised and awarded for its quality and business excellence. In the UAE, the brand has close to 150 branches across the UAE, of which 17 are in Dubai Metro network. For more information, please visit: www.uaeexchange.com, https://www.facebook.com/uaeexchange or www.uaeexchangeblog.com/.
Contacts for media enquiries:
For FGB
Jennifer Cain
Weber Shandwick
M: + 971 55 4741105
E: JCain@webershandwick.com
Hiba Haddad
Weber Shandwick
M: + 971 56 1679577
E: hhaddad@webershandwick.com
For UAE Exchange
Vinisha Khatwani - PR Account Manager
Quill Communications
T: +971 4 4390 490
M: +971 55 4636 544
E: vkhatwani@quillmena.com
© Press Release 2016
