Emirates NBD hosts French Tuesday Networking event

Press release

Published January 30th, 2012 - 10:46 GMT

Emirates NBD

Emirates NBD, a leading bank in the region, recently partnered with the French Business Council (FBC) to host the French Tuesday Networking event, and introduce the bank’s Business Banking products and services to FBC members. The partnership includes a supporting committee membership that enables Emirates NBD Business Banking to support FBC’s important networking events in 2012, in addition to other benefits round the year.

“The partnership is in line with Emirates NBD’s strategic objective to extend its Business Banking services to Small and Medium Enterprises (SMEs) from various communities,” said Vikas Thapar, Head of Business Banking, Emirates NBD. “The event marked the beginning of a long lasting and rewarding relationship with the French business community, and we look forward to growing this relationship through the year to become the preferred business banking partner of FBC.”

“Emirates NBD Business Banking has developed a range of banking products and services that can be customised to the needs of SME clients, empowering them to capitalise on available business opportunities. This partnership presents us with an ideal opportunity to support the SME group at the French Business Council, and assist them to further grow and contribute to the UAE economy,” added Thapar

Ram Raichura, Head of Products & Portfolio Management, Business Banking – Emirates NBD, introduced the Business Banking Division to the members of the French Business Council at the French Tuesday Networking event, and showcased the various SME-focused services on offer by the bank.

Formed in 1987, the French Business Council Dubai & Northern Emirates (FBC) is a non-profit association under UAE law with over 400 members. It was created to promote business relationships and increase economic and business relations between France and Dubai and the Northern Emirates. The FBC provides business support and recruitment services to French companies and businesspeople, with a full time team of six staff and an Executive Committee of 12 elected board members.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.