A reliable financial partner for your business needs
Venkiteswaran Ramasubhramoni, Head – Equipment Finance, NBF
As the UAE continues to cement its position as a regional business hub, NBF has also underscored its role as a dedicated financial partner to businesses across the country. Reflecting its sectorial expertise, NBF boasts twelve focused business segments ranging from Energy & Marine to Precious Metals & Diamonds, offering bespoke and customised solutions to its clients across the UAE. Businesses seeking to expand their existing facilities and grow their infrastructure are referred to the bank’s dedicated Contracting and Equipment Finance units.
NBF has bolstered its commitment to supporting UAE's development of world-class infrastructure, and has a dedicated team focused on servicing the contractors behind major construction and infrastructural projects in the country. The contracting business unit builds close partnerships with its clients by structuring project financing facilities end-to-end by merging employers, contractors and sub-contractors in one project and manages the project as a fully-fledged solution provider. The bank’s offering covers tender bonds, performance bonds, advance payment guarantees, maintenance guarantees, financial guarantees, short-term loans, mobilisation loans and discounting of progress payments.
Equipment finance, one of NBF’s dedicated industry verticals, has supported the growth of companies across the entire supply chain. NBF offers customised finance solution to procure range of construction equipment, passenger and cargo vehicles, material handling, cranes, access platforms etc. to help its clients with their expansion plans.
In 2015, NBF completed a facility valued at Dh208 million for Gulf Resources Development & Investment (GRDI) for the construction of Ikea's largest distribution centre in the Middle East at Dubai South. It acted as the sole adviser and financier throughout the entire transactional process. Testament to its leading expertise and unrivaled sector specific knowledge, the bank will always dedicate its efforts to truly understanding its clients’ needs first followed by providing expert-led guidance on how best to grow.