Emirates NBD Business Banking supports SMEs in partnership with TECOM SME Builder

Press release

Published June 12th, 2011 - 09:36 GMT

Abdulelah Al Kindy, General Manager of Retail Banking at Emirates NBD

In line with its commitment to empowering small and medium-sized businesses, Emirates NBD, a leading bank in the region, announced that it had served as the key sponsor of TECOM SME Builder 2011. The triennial workshops are the ideal platform for professionals to upgrade their entrepreneurial skills, increase their knowledge and widen their professional network.

Acting as a forum for knowledge-sharing and discussion of crucial issues faced by SMEs, the TECOM SME Builder 2011 provided an opportunity for professionals to interact with business experts and gain special insights into the latest industry developments.

“As a financial institution with a combined legacy of fifty years, we have a long history of championing small and medium sized businesses and business start-ups,” said Vikas Thapar, Head - Business Banking, Emirates NBD. “We see our role not only as providers of world-class business and financial solutions, but also to empower SMEs through educational and networking initiatives, and opportunities in the world of business and commerce.”

“Our customer-centric ethos supports our business banking customers over the longer term,” continued Thapar. “There are many areas of running a business that can be better understood and managed, such as regulatory, legal, labour, managing cash-flow and more. Events such as this facilitate effective learning that can instantly be put to practical use.”

Emirates NBD Business Banking customers receive preferential rates on trade services, competitive foreign exchange rates, access to exclusive business banking centers and a dedicated relationship manger as part of solutions that are tailor-made to their needs.

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.