Dubai: National Bank of Fujairah (NBF) PJSC announced its participation at the region’s most established trade finance conference, GTR Mena 2021, which took place last week. NBF’s participation in the event comes at a time when the need for trade financing support is rebounding to new highs, and fundamental in supporting broad economic recovery.
This year’s GTR event comprised of 6 key themes reflecting on the previous 18 months for trade and exports in the region. It covered a variety of topics ranging from trade resilience and the road to post-Covid recovery to the developments in the fintech and trade tech space, issues around supply chain management and SCF, emerging trade corridors, asset distribution and the increasing significance of ESG.
With the conference’s impactful reach and influence, NBF’s participation reiterates its position as a leading financial partner and trade finance expert across the Middle Eastern trade supply chain.
Commenting on the event, Vince Cook NBF’s CEO, said: “Over the years, NBF has established itself as a leader in trade finance through targeted initiatives in support of the industry’s ecosystem in the UAE. Trade finance is key to the country’s sustainable economy; a model that matches suppliers’ financing needs with reliable sources of liquidity available in the real economy. Given the significance of trade to the UAE economy and the future plan of the country’s leadership, NBF is delighted to further demonstrate its commitment to the sector and this event”.
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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 with a negative outlook; and BBB / A-2 by Standard & Poor’s with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol “NBF”. It has a branch network of 15 (of which 1 is an electronic banking service unit) across the UAE.
For further information, please contact:
Strategic Marketing and Communications Department
E-mail: CorpComm@nbf.ae
Telephone: +971 4 507 8351 and +971 4 507 8576
© Press Release 2021
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