Emirates NBD expands presence in Sharjah

Press release

Published March 14th, 2011 - 07:05 GMT

The opening of the new Emirates NBD branch in Sharjah

Emirates NBD, a leading bank in the region, announced today that it has further extended its services to its Sharjah-based clients, with the opening of a new branch on Al Taawun Street. This brings the total number of Emirates NBD branches in Sharjah and the Northern Emirates to 12, and the total number of ATMs to 72, of which 44 are located in Sharjah alone.

Emirates NBD has continued to expand its branch network and the bank’s distribution capability has also been further boosted with last year’s addition of 95 new ATMs nationwide.

“Emirates NBD displayed excellent financial results through last year, despite the ongoing financial downturn, and accomplished significant growth in both business and customer base,” said Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD. “Through 2011, we will further strengthen our position as the leading bank in the region, and today’s announcement is in line with this strategy.

“We aim to increase our reach to customers by having a presence in all major communities in the UAE where people reside, have businesses or spend leisure time,” he continued. “And this latest opening provides greater accessibility and convenience for our customers, delivering a diverse portfolio of financial products and services through a large network of branches and ATMs.”

Abdulelah AlKindy, General Manager, Retail Banking, Emirates NBD said: “The Taawun area of Sharjah is a dynamic commercial and residential district with a diverse and multicultural population. The location of this branch has been strategically selected to increase convenience for both the local community as well as transient traffic through the area.

“Our aim is not only to serve our customers, but to be a part of this thriving community,” he continued. “Our trained staff look forward to welcoming customers to the branch, where they will find information and guidance on their individual banking needs.”

The Taawun Street branch is open from 8 am to 2 pm, Saturday to Thursday, and offers customers a range of consumer finance products and solutions, including customised loans for UAE Nationals, Borrow Wisely personal loans, Auto Loans with unique features and Shari’a-compliant insurance products, Takaful and Savings. The branch will also have an ATM and a Cash Deposit Machine available.

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.