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National Bank of Fujairah launches NBF Lite Bank Account for SMEs and start-ups

This one-stop solution is set to support flexi desks and co-working businesses in select free zones to leverage growth opportunities in the UAE

National Bank of Fujairah (NBF) PJSC announced today the launch of the NBF Lite Bank Account to provide the benefits of digital banking solutions to startups and SMEs in the UAE. The new offering is designed to suit the needs of flexi desks and co-working businesses in select free zones.

The NBF Lite Bank Account is a one-stop solution for SMEs aimed at providing the benefits of digital banking solutions to entrepreneurs. A unique offering from the first-of-its-kind NBF digital platform ‘NBF Connect’ dedicated to SMEs, the Lite Account provides start-ups with exclusive banking services, while helping them build their network, connect with like-minded SMEs and discover avenues of growth.

Commenting on the launch of the new product, Rehan Ali, NBF’s Head of Business Banking, said: “Since its inception, NBF has positioned itself as the preferred financial partner for businesses in the UAE. We have always believed in supporting businesses grow by leveraging our cross-sectorial expertise, as well as range of products and services. The banks boasts a solid track record of supporting the burgeoning SME ecosystem in the country in line with the UAE’s vision and vibrant entrepreneurial spirit. With business banking at its core, NBF aims to unlock emerging opportunities for start-ups and SMEs through tailored digital banking offerings and leverage the growth opportunities that lie in the UAE. The NBF Lite Bank Account is testament to our commitment to building long-lasting partnerships with entrepreneurs and business owners.”

To open an NBF Lite Account, SME and start-up customers will need to maintain a monthly average balance of only AED 10,000, and new customers will get to avail free maintenance cost for the first 3 months, and more. Business owners and entrepreneurs can follow three simple steps to open the account by loging on to NBF Connect and follow the process of completing the digital form online, uploading the required documents, and submitting the application to receive the acceptance confirmation.

Earlier in 2021, NBF has also launched two innovative banking products tailored to SMEs, the “Ahlan” SME account and the “OneStop” business account. Through these products, NBF is expanding its award-winning banking services and expertise across various sectors to meet businesses and corporates’ needs.

Recently, National Bank of Fujairah was awarded “Best Bank in Terms of Digital Banking Services for the year 2021” by the World Union of Arab Bankers (WUAB).


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 with a negative outlook; and BBB / A-2 by Standard & Poor’s 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 (of which 1 is an electronic banking service unit) across the UAE.

For further information, please contact:

Strategic Marketing and Communications Department
E-mail: CorpComm@nbf.ae
Telephone: +971 4 507 8351 and +971 4 507 8576