Dubai, United Arab Emirates: National Bank of Fujairah (NBF) PJSC announced today the launch of the NBF Lite Bank Account to provide the benefits of digital banking solutions to startups and SMEs in the UAE. The new offering is designed to suit the needs of flexi desks and co-working businesses in select free zones.
The NBF Lite Bank Account is a one-stop solution for SMEs aimed at providing the benefits of digital banking solutions to entrepreneurs. A unique offering from the first-of-its-kind NBF digital platform ‘NBF Connect’ dedicated to SMEs, the Lite Account provides start-ups with exclusive banking services, while helping them build their network, connect with like-minded SMEs and discover avenues of growth.
Commenting on the launch of the new product, Rehan Ali, NBF’s Head of Business Banking, said: “Since its inception, NBF has positioned itself as the preferred financial partner for businesses in the UAE. We have always believed in supporting businesses grow by leveraging our cross-sectorial expertise, as well as range of products and services. The banks boasts a solid track record of supporting the burgeoning SME ecosystem in the country in line with the UAE’s vision and vibrant entrepreneurial spirit. With business banking at its core, NBF aims to unlock emerging opportunities for start-ups and SMEs through tailored digital banking offerings and leverage the growth opportunities that lie in the UAE. The NBF Lite Bank Account is testament to our commitment to building long-lasting partnerships with entrepreneurs and business owners.”
To open an NBF Lite Account, SME and start-up customers will need to maintain a monthly average balance of only AED 10,000, and new customers will get to avail free maintenance cost for the first 3 months, and more. Business owners and entrepreneurs can follow three simple steps to open the account by loging on to NBF Connect and follow the process of completing the digital form online, uploading the required documents, and submitting the application to receive the acceptance confirmation.
Earlier in 2021, NBF has also launched two innovative banking products tailored to SMEs, the “Ahlan” SME account and the “OneStop” business account. Through these products, NBF is expanding its award-winning banking services and expertise across various sectors to meet businesses and corporates’ needs.
Recently, National Bank of Fujairah was awarded “Best Bank in Terms of Digital Banking Services for the year 2021” by the World Union of Arab Bankers (WUAB).
© Press Release 2022
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