National Bank of Fujairah retains top position as best corporate and commercial bank in the UAE at the Banker Middle East Industry Awards 2017
Recurrent wins cement the bank’s leadership as the partner for businesses in the UAE
National Bank of Fujairah (NBF) PJSC announced today that it has won the “Best Corporate Bank UAE” and “Best Commercial Bank UAE” awards at the 2017 Banker Middle East Industry Awards. This marks the sixth year that NBF has retained the best commercial bank, and the third time in a row it has received the best corporate bank title. Bank representatives received the accolades at a ceremony that recently took place at the Emirates Towers Hotel in Dubai.
The Banker ME Industry Awards has established itself as one of the leading platforms to recognise excellence in the financial services industry across the region.
NBF’s Corporate and Institutional Banking (C&IB) focus has been a major contributor to the bank’s success. Not only has it developed NBF’s multidisciplinary client servicing model but it has expanded into diverse areas such as treasury risk management, structured trade finance, equipment finance, and corporate advisory services spanning industries ranging from marine, oil and gas, to women Emirati entrepreneurs through NBF Elham. By providing bespoke business solutions, the division has consistently maintained annual growth rates of close to 20 per cent in assets and operating income.
With this focus, NBF has created a reputation for itself as the partner for businesses in the UAE. By following a segmented approach to its relationship coverage model, it has built enviable industry expertise that is used to help clients navigate the current challenging market conditions. Testament to the success of this approach, the bank’s commercial (SME) business unit counts more than 3,000 companies and continues to deliver consistent and solid growth for its loan book, contrary to the experience of many others.
NBF CEO Vince Cook said: “It is always good to see the efforts of the team recognised through such awards and maintaining this strong showing at the event year after year demonstrates our long-standing effort to bring real value to the banker-customer relationship. These awards build on the success we have achieved at the Banker ME Product Awards earlier this year. We are committed to supporting our customers and seeing them grow their businesses successfully and this success comes shortly after we have hosted over 500 clients as part of the NBF Knowledge Series, our branded knowledge exchange platform that focuses on the latest market trends and shifting macroeconomic realities.”
“On behalf of NBF, I would like to thank our customers and partners for their support over the years. This continuous success is the direct result of their trust in us.”
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 15 across the UAE.