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National Bank of Fujairah participates at the SME Exhibition 2019

Bank continues to bolster its efforts to help empower UAE’s key economic engine

National Bank of Fujairah (NBF) PJSC announced that it will be extending its support to the Small and Medium Enterprises Exhibition 2019 at Abu Dhabi National Exhibition Centre being held under the patronage of His Excellency (H.E.) Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of Small and Medium Enterprises Council, as the key headline sponsor. The two-day event will host knowledge-sharing sessions led by industry-lead experts to provide entrepreneurs with the resources and tools to take their businesses to the next level.

Commenting on the bank’s support to the SME exhibition, Vince Cook, CEO of NBF stated: “The SME sector is a key economic pillar and is undoubtedly one of the most significant contributors to the economy. Recognising its instrumental economic value, NBF has been one of the key and consistent players in supporting the growth journey of the SME industry in UAE. Being the headline sponsor for SME Expo 2019 underscores our position as more than just a financial lender, but a dedicated partner that wants to leverage the right opportunities to help SMEs thrive. In a shifting economy, we continue to offer more than just our financial support, but our expert counsel in helping SMEs overcome any external challenges they are faced with. NBF’s commitment to SMEs has been unparalleled and over the years the bank has emerged as a stable and consistent business partner supporting the SMEs in UAE.”

NBF has been quite active in the SME space testament to its ongoing efforts over the years and given that SMEs mark the bank’s largest profit contributor. Earlier this year, NBF announced its partnership with Emirates Development Bank (EDB) for the “SME Credit Guarantee Fund Scheme”, that provides strategic financing solutions to the SME ecosystem. In 2017, the bank also partnered up with Thomson Reuters, to become the exclusive platinum banking partner for “Accelerate SME” (ASME), an online platform which provides an ecosystem for SMEs in UAE. Last week, the bank also concluded its fourth edition of its annual Knowledge Series event, which welcomed over 700 corporates.

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.

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