Emirates NBD extends banking and financial services to Dubai International City

Press release

Published July 12th, 2011 - 10:12 GMT

The opening of Emirates NBD new branch at Dubai International City

Emirates NBD, a leading bank in the region, announced today that it had extended its reach to the fast growing residential and commercial areas in Dubai International City, with the opening of a new branch at Dragon Mart, the largest Chinese trading hub outside the mainland of China.

“Customer convenience is a significant driving force at Emirates NBD, and we work across all divisions to ensure that even customers outside the city areas have easy access to all banking and financial services offered by the bank,” said Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD. “The opening of the new branch is in keeping with the long term strategy at the bank to reach out to customers across the emirate of Dubai and enhance its presence beyond the city limits.”

“Banking and financial services are an essential requirement for clients shopping in malls and large retail outlets,” said Abdulelah AlKindy, General Manager – Retail Banking, Emirates NBD. “Establishing a branch within Dragon Mart, which is one of the largest shopping arcades in Dubai, will offer shoppers convenient access to a variety of financial services, to meet their immediate and long term requirements. As the mart is centrally located within Dubai International City, it will also be able to service our fast growing pool of residential customers in the area.”

Located at the main entrance of the Chinese mall, the Dragon Mart Branch is operational Saturday to Thursday from 9:00AM to 3:00PM. A wide range of retail banking products and services are on offer at the Dragon Mart branch including personal loans and credit cards. The branch also offers dedicated customer services, tellers and SME banking services in addition to three ATMs and one CDM in the area.

Built in the shape of an enormous pink dragon, the 1.2km long Dragon Mart houses approximately 4,000 enterprises dealing in Chinese products, and includes showrooms, shopping areas, restaurants and warehouses. The Mart is divided into commercial and service areas, and includes office space, a business centre, negotiation rooms and three conference rooms. It attracts huge number of visitors as it offers a unique and cost effective shopping experience for a wide range of Chinese products under one roof. The Dragon Mart also services the complex of 25 residential buildings that comprise Dubai International City

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.