National Bank of Fujairah cements leadership position with four accolades at the 2016 Banker Middle East UAE Product Awards
Awards demonstrate NBF’s core business strengths and commitment to service innovation and excellence
National Bank of Fujairah (NBF) PJSC announced today that it has won four awards at the 2016 Banker Middle East (BME) Product Awards: “Best Customer Service - Corporate & Investment Banking”; “Best Cash Management”; “Best Treasury Management” and “Best Corporate Advisory Service” for NBF Capital Limited. This is the fifth consecutive year that NBF has maintained a strong showing at the BME Awards, underscoring the bank’s impressive track record in the UAE for innovation and service excellence.
Organised by CPI Financial, the awards are held annually to celebrate product innovation and service excellence in the local banking sector, with winners being selected through public voting.
NBF won its first “Best Customer Service - Corporate & Investment Banking” award in 2014 and a repeat of that performance this year reaffirms the ongoing success of the bank’s relationship-servicing model, wherein dedicated, specialist teams partner clients in a variety of industries and business segments from energy and marine to Emirati female entrepreneurs. This relationship-driven approach has allowed NBF to consistently achieve compound annual growth rates surpassing the industry and become the financier-of-choice for notable projects such as the construction of HSBC and Standard Chartered’s office buildings in downtown Dubai.
NBF’s first-ever “Best Cash Management” award is further endorsement of its customer-centric approach, in this case the leveraging of the bank’s cash management and trade finance services under its global transaction services portfolio in support of clients’ cross border requirements.
This year also marks a record-breaking fifth consecutive time that NBF has received the “Best Treasury Management” award for its tailored client solutions and extensive market insight, especially in specialised areas such as precious metals and commodities. By utilising state-of-the-art technology coupled with extensive regional market knowledge, NBF’s treasury team has consistently exceeded client expectations by designing bespoke strategies and products in support of clients’ unique business requirements.
NBF Capital’s “Best Corporate Advisory” award is its second in two years and follows its recent victory at the Gulf Customer Experience Awards in January, where it won “Best Customer Experience Team”. A fully-owned subsidiary of the bank and regulated by the Dubai Financial Services Authority, NBF Capital has been making waves as a bespoke corporate advisory partner for businesses in sectors ranging from information communication technology to healthcare. Since its incorporation in Dubai International Financial Centre two years ago, it has accumulated over AED 3.5 billion worth of deals that have been completed or are in the pipeline.
NBF’s CEO Vince Cook said: “It is extremely heartening to see such a tremendous show of encouragement and support from our clients, peers and partners, and I would like to thank them for their vote of confidence. This latest string of accolades is not just a fantastic validation of our strategic focus and ongoing progress, but will further motivate us to continually enhance our business and technical expertise in service of our clients.
“It has been an exceptional 2016 for NBF so far, and on behalf of the bank’s Board of Directors, I would like thank everyone once again for their support.”
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 Shariah 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 15 across the UAE.
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