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National Bank of Fujairah cements trade finance leadership at the ICC UAE Annual Trade Conference January 2020

Conference unites global and regional stakeholders from diverse financial and trading sectors to assess the readahead for the trade finance sector

National Bank of Fujairah (NBF) PJSC, announced today its participation at the ICC UAE Annual Trade Conference January 2020 as the diamond sponsor. The event is taking place from 20-21st January, at the Four Seasons Resort, Jumeirah, Dubai, UAE, and is welcoming stakeholders 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. Giving the keynote speech at the opening of the conference, Vince Cook, NBF’s CEO, mentioned that as trade finance continues to undergo a transformational journey towards digitsation and innovation, NBF is committed to deploy new technologies such as blockchain in the trade finance ecosystem to better serve its corporate clients’ ever-changing needs.

This year, industry leaders joined forces to discuss prevalent areas that were detrimental to the growth of the trade finance sector such as digitisation of trade finance, the future and opportunities of Islamic Finance, how Expo 2020 will fuel business opportunities and trade sanctions among others. Rehan Ali, Head - Business Banking at NBF was also part of the panel discussions on Challenges and Opportunities of the SME's.The bank’s year-on-year participation at this reputable conference reflects its commitment to nurture the growth-journey of this thriving sector.

 

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.