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Dubai: National Bank of Fujairah (NBF) PJSC concluded its successful participation in the Small and Medium Enterprises Exhibition 2019, the two-day event which took place in Abu Dhabi and focused on empowering SMEs to grow their presence in the marketplace. As the headline sponsor, NBF underscored its continued commitment to partnering with clients and helping them navigate the rapidly-changing market conditions.
During the event, NBF’s CEO Vince Cook met with (H.E.) Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of Small and Medium Enterprises Council, and HE Eng. Suhail Mohammed Faraj Al Mazrouei, Minister of Energy and Industry, among other dignitaries. Discussions revolved around the role of the banking sector in supporting the SME sector to grow and thrive, in addition to the bank’s achievements in this area and beyond.
NBF has been quite active in the SME space testament to its ongoing efforts over the years and given that SMEs mark the bank’s largest profit contributor. Earlier this year, NBF announced its partnership with Emirates Development Bank (EDB) for the “SME Credit Guarantee Fund Scheme”, that provides strategic financing solutions to the SME ecosystem. In 2017, the bank also partnered up with Thomson Reuters, to become the exclusive platinum banking partner for “Accelerate SME” (ASME), an online platform which provides an ecosystem for SMEs in UAE. Last month, the bank also concluded its fourth edition of its annual Knowledge Series event, which welcomed over 700 corporates.
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NBF Corporate Communications Department:
Telephone: +971 4 397 1700
E-mail: CorpComm@nbf.ae
About National Bank of Fujairah PJSC:
Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari’a compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals.
NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB+ / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol "NBF". It has a branch network of 18 across the UAE.
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