Emirates NBD opens first Business Banking Centre in Sharjah

Emirates NBD, a leading bank in the region, announced today that it has extended its services to its Sharjah-based SME (Small & Medium sized Enterprises) clients, with the opening of its first Business Banking Centre in the emirate. The opening of the Sharjah centre, on the mezzanine floor of Emirates NBD’s main branch on Al Qassimiya Street in Sharjah, follows the successful operations of three Dubai-based Business Banking Centres in Satwa, Jebel Ali and Deira.

Emirates NBD’s decision to open a dedicated Business Banking Centre in Sharjah, is in line with its strategic objective to support and grow the SME sector, which currently accounts for about 80 per cent of total activity in the UAE’s business sector. The opening of the centre is also in response to the growing demand for business banking services from Sharjah & Northern Emirates -based firms.

“Recent studies show that SMEs account for about 99 per cent of the business sector worldwide and for 50 per cent of global GDP,” said Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD. “This trend has begun to be increasingly reflected in the UAE, which is ranked 25th according to business environment for start-ups by the UAE Global Entrepreneurship Monitoring Report.”

“Emirates NBD recognises the significant need for more efficient and well organised channels that will address the banking requirements of SMEs,” said Vikas Thapar, Head of Business Banking, Emirates NBD. “In addition to providing easy access to physical business banking facilities, Emirates NBD’s new Business Banking Centre in Sharjah will provide a range of dedicated and personalised services that can be tailored to meet the particular requirements of our SME clientele.”
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Sharjah & Northern Emirates-based SMEs can now look forward to receiving the dedicated and professional services of their assigned Relationship Manager, who also brings along a sound understanding of business needs. The Business Banking Centre also offers a service proposition that includes a comprehensive range of products, preferential pricing and services, red carpet privileges, Emirates NBD Business Credit and Debit cards and access to online banking via smartBUSINESS.