National Bank of Fujairah to showcase its leading trade finance expertise at the 6th ICC UAE Trade Finance Conference
Conference brings together global and regional stakeholders from diverse financial and trading sectors
National Bank of Fujairah (NBF) PJSC, announced today its participation at the sixth edition of the International Chamber of Commerce (ICC) UAE Trade Finance Conference as the diamond sponsor. The event, set to take place at the Dubai Chamber of Commerce and Industry on November 20th, will be attended bystakeholders from banking institutions, insurers, fintech firms and corporates.
The partnership between the ICC UAE chapter and NBF dates back to 2012, when the bank first supported the event, highlighting its importance for both the commercial and banking sectors in the economy. This year, stakeholders will join under one roof to exchange ideas and share knowledge and discuss the economic climate, and the prevailing challenges and opportunities. In addition, regional developments impacting trade finance, fintech, digitisation of businesses, and other topics of interest to the local and international stakeholders will be covered.
Commenting on the event, Vince Cook, NBF’s CEO said “We are proud to be present at this event as it cements our position as the preferred partner for businesses in the UAE. With challenging macroeconomic conditions and a wave of evolving changes, it remains key for stakeholders in the industry to stay focused on strengthening the business community’s capabilities in the UAE. At NBF, leveraging our trade finance expertise and offering digital propositions and solutions are just two examples of how we work relentlessly to meet our clients’ expectations.”
According to the Ministry of Economy, SMEs contribute an estimated 60% of the country’s GDP, and create the majority of employment opportunities reaching up to 86% in the private sector. Since its launch, the bank has showed unparalleled commitment to bolstering its SME and mid-corporate portfolio as a key business segment and support start-ups by extending end-to-end lending solutions. NBF’s continues to provide improved digitised solutions to its customers, with a constant effort to drive more customers to use NBF Direct platform for all their trade finance requirements, whether these requirements are letters of credit, trust receipt or sales and receivable financing requirements.
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 (of which 1 is an electronic banking service unit) across the UAE.