Emirates NBD has increased lending support to SMEs in the UAE.
The banking group has reported a 34 per cent increase in lending facilities towards SMEs compared to the previous year.
Emirates NBD has long championed the needs of homegrown SMEs that contribute to the country’s GDP.
Emirates NBD supports UAE SMEs
Moreover, Emirates NBD Business Banking has contributed significantly towards funding the country’s SMEs to support their working capital needs.
The bank has also opened more than 7,000 new business accounts for large and small businesses with account packages including a host of features and benefits for business owners and their entities.
Emirates NBD’s one of a kind offering to UAE SMEs integrates a premium service model, enabling all clients complimentary access to its best-in-class digital platforms, supported by advisory services via a growing branch network across major trade corridors in the UAE, KSA and Egypt.
Marwan Hadi, Group Head of Retail Banking and Wealth Management at Emirates NBD, said: “Fostering growth in the SME sector is a key strategic objective for Emirates NBD. We are honoured to be recognised by The Digital Banker, further supporting our standing as frontrunner in the region’s banking sector, also acting as a testament to our efforts in empowering the SME segment.”
He added, “Our customers are our biggest success story with one in four UAE SMEs now banking with Emirates NBD, demonstrating the success of our proposition.
“The SME sector is what drives this nation’s economy, and we will continue to create and offer more innovative tools that enable businesses and entrepreneurs of all sizes to successfully run their operations.”
Follow us on
