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National Bank of Fujairah reiterates commitment to strengthening the trade sector at the GTR Mena 2020

The event will feature over 800 key figures from local, regional and global markets, providing access to hundreds of companies engaged in international trade.

National Bank of Fujairah (NBF) PJSC, announced today that it will be participating at the most comprehensive and long-established trade finance gathering for the Middle East & North Africa, GTR Mena 2020 on 17th and 18th of February. With established links to the region's primary trade bodies, financial institutions and regulators, the event is the premier platform to cement NBF’s position as a leading trade finance expert amongst the principal players across the Middle Eastern trade supply chain.

Commenting on the event, Vince Cook, NBF’s CEO, said: ”We are excited to mark our presence at this year’s GTR Mena 2020 as it helps to connect minds in the trade business to share knowledge on enhancing the trade environment in the UAE. We especially look forward to connecting with the industry’s participants to explore how best we can fuel further development in this space. Over the years, NBF has established itself as a leader in trade finance – a testament to its resilience, deep-sector knowledge and customer-first approach to banking. Looking ahead, we will continue to be dedicated to nurturing the growth of businesses across the UAE and to driving regional and international trade forward”.

In line with this commitment to supporting business owners, NBF was one of the first banks in the UAE to join the SWIFT Global Payment Innovation (GPI) network. This system enables the bank to actively leverage the global payment system to improve the customer experience with cross-border payments. Tackling the challenges in cross-border payments, SWIFT provides functionalities that allow banks to leverage transparency on fees and end-to-end traceability on payments conducted on behalf of clients. This technology will also allow NBF achieve a significant reduction in the number of payment enquiries and quicker investigations handling. It also streamlines the process and makes the experience of executing cross-border payments as hassle-free as possible for NBF clients.

 

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 across the UAE.