National Bank of Fujairah claims unprecedented victory with five accolades at the 2017 Banker Middle East UAE Product Awards
Win marks the sixth consecutive time the bank is recognised for its core business areas and service excellence
National Bank of Fujairah (NBF) PJSC announced today that it has won five awards at the 2017 Banker Middle East (BME) Product Awards: “Best Customer Service - Corporate & Investment Banking”; “Best Treasury Management”, “Best SME Internet Banking Service”, “Best SME Trade Finance Offering”, and “Best Corporate Advisory Service” for NBF Capital Limited. This is the sixth consecutive year that NBF has been recognised as a leading partner for businesses in the UAE and maintained a strong showing at the BME Awards.
This year’s event sees NBF uphold three accolades from 2016 namely “Best Treasury Management”; “Best Customer Service - Corporate & Investment Banking”; and “Best Corporate Advisory Service” for NBF Capital Limited.
A record-breaking achievement goes to the bank for the “Best Treasury Management” award which has now been received for a sixth consecutive time. This comes as significant affirmation of NBF’s approach to tailoring its services to meet client needs while banking on extensive market insight. Given the market sophistication, the NBF treasury team’s work on designing bespoke strategies and products has been crucial in terms of addressing clients’ unique business requirements.
Following a second win in 2016, NBF gets to keep the “Best Customer Service - Corporate & Investment Banking” award for the third year in a row. This highlights the customer-centric approach that specialist teams adhere to across a variety of industries and business segments from energy and marine to Emirati female entrepreneurs. The award showcases once more the importance of this relationship-driven model in contributing to the bank’s success and growth over the years.
NBF Capital, the bank’s fully-owned subsidiary, was also awarded the accolade of “Best Corporate Advisory”, noting the impressive growth of this bespoke corporate advisory partner for businesses over the past three years.
After retaining the SME trade finance trophy award for three consecutive years up to 2015, NBF scoops this coveted accolade and underscores its prominent role in supporting clients’ cross-border requirements and the UAE’s development as a trade hub.
Finally highlighting the bank’s appetite to invest in technology to best serve its customers, NBF Direct, the bank’s Internet banking service, has been singled out as one of the most secure and user-intuitive online platforms with unique functionalities for businesses in the market today. Currently, 54 percent of payment transactions undertaken by NBF’s corporate clients are done through NBF Direct.
Commenting on the awards, NBF’s CEO Vince Cook said: “We would like to thank everyone who contributed to this unprecedented success. This great win only goes to show our persistent efforts to create and add value to our clients are becoming increasingly appreciated. Moving forward, we will continue to focus on strategically growing our business and enhancing our suite of service offerings in order to cater to the changing needs of our customers. Finally, on behalf of all the NBF team, I would like to thank the voters for their trust and 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 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 16 across the UAE.