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National Bank of Fujairah increases UAE presence with the opening of a new branch in Al Ras

The latest branch will provide enhanced electronic deposit capabilities to better serve customers

National Bank of Fujairah (NBF) PJSC is pleased to announce the opening of its new branch at the heart of Dubai’s historic Gold Souk in Al Ras. The expansion comes in line with NBF’s strategy to strengthen its nationwide presence, and ensure that its portfolio of convenient banking services and suite of retail banking products are easily accessible to customers.

As the primary branch in the Deira area, the Al Ras branch will service the densely populated surrounding business centre, offering a full-range of banking services for its customers, with enhanced 24/7 facilities. For NBF’s corporate customers, Cash Deposit Machines (CDMs) with high capacity cash acceptance and instant credit to account facility are available. Additionally, corporate customers can deposit very large amount of cash in secured bags even after banking hours using Night Safe Deposit machines that will be credited to their accounts in few hours.

With the new branch NBF's total branch network nationwide stands to 17. Commenting on the latest opening in Dubai, Vince Cook, NBF CEO, said: “The new branch in Al Ras is strategically located to best serve the key traders and businesses from the precious metals and other industries present in the thriving hub of the Gold Souk. We recognise that our clients here have specific banking needs, and this branch will play a significant role in providing them with solutions to serve these requirements.”

Also commenting on the launch, Sharif Mohamed Rafei, Head of Retail Banking at NBF, said: “As part of our mission to make banking as efficient and easy as possible for our customers, we are pleased to announce the opening of our latest branch at the famous Gold Souk in Al Ras, giving customers convenient access to our award-winning banking services in the heart of Dubai.”

Al Ras Branch

Address:

Deira Waterfront Development Car Park Building #1, Al Dhagaya Street, Al Ras, Deira

Tel:04-5157900

Operating hours – 8:00am to 3:00pm, Saturday to Thursday

Branch Manager:Hamad Almulla

NBF continues to enhance its geographical reach across the UAE. In addition to the Al Ras branch, customers can now also access the new NBF payment office, located in Fujairah Court on Sheikh Khalifa Bin Zayed Road, facilitating point-of-interaction services. The addition of the new branch brings the total number of branches in Fujairah to eight.

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 17 across the UAE.

Corporate Communications Department
E-mail: CorpComm@nbf.ae
Telephone: +971 4 397 1700
Facsimile: +971 4 3972 371