National Bank of Fujairah expands into ‘New’ Dubai

Strategic opening to broaden leading bank’s service offering

January 27th 2008: The National Bank of Fujairah today opened the doors to its latest branch located in Jebel Ali. The opening is a part of NBF’s business strategy to upgrade and enhance its market presence throughout the UAE. The ‘new’ Jebel Ali branch now increases NBF’s network to eleven branches, with another four planned to open by the end of 2008.
"Jebel Ali is in a strategic location, not only is the port and freezone expanding rapidly, it is the gateway to the ‘New’ Dubai. Our latest facility here will enable us to consolidate our market position in corporate banking services whilst also capitalising on the enormous potential for retail banking, that will become prevalent throughout the new mixed-use communities,” commented HE Easa Al Gurg, Deputy Chairman and Chairman of the Executive Committee, NBF.

Ribbon Cutting: HE Easa Al Gurg, Deputy Chairman and Chairman of the Executive Committee NBF; joined by Asad Ahmed, General Manager, NBF; Mirza Al Sayegh and Ali Ahmed Al Mehairi, Board Members, Dr. Salem A. Khalil, Secretary to the Board and over 200 customers.

About National Bank of Fujairah

National Bank of Fujairah was established in 1982 in the Emirate of Fujairah.  Its key shareholders include the government of Fujairah (39%) and the government of Dubai (10%) with a network of 11 branches.  It is primarily a corporate bank with strong trade finance expertise, some retail banking activities and growing businesses in investment services and SME financing. National Bank of Fujairah intends to deepen its product range over the next few years by selectively expanding its retail banking services while continuing to build its core corporate banking services.
NBF is listed on the Abu Dhabi Securities Market under the symbol ‘NBF.’