Visit Website: www.nbd.co.ae

The National Bank of Dubai

Founded in 1963, NBD is the oldest locally incorporated bank in the southern Gulf. From its imposing new Headquarters, depicting a ship in full sail, it operates 39 branches in the UAE plus one branch in London and a representative office in Teheran.

Business Activities

Corporate Banking

Through strong adherence to Central Bank guidelines, support to and from the government and a skillful management of funds, the National Bank of Dubai is at the forefront of corporate banking in the UAE. Its portfolio covers a wide range including transport, real estate, construction, manufacturing, tourism, government and service industries. Moreover, a full range of trade finance, treasury, lending and deposit taking services are offerred to UAE based corporate customers.

The Private Office of The National Bank of Dubai has been established with the commitment to preserve and protect the personal wealth of its customers, offering highly responsive tailored solutions emphasizing a total relationship management approach.

The primary objective of ‘The Private Office’ is to provide the customers with world-class solutions for three of their most important requirements: wealth preservation and growth, investment management and succession and estate planning.

Through the Bank’s external alliances with world-class financial institutions, clients can easily access a menu of varied solutions, depending on their current and future investment schemes and profiles, with an active focus on risk management and yield enhancement.

UK Commercial Real Estate Investment Serviceis offered through NBD London as a distinct service to assist in making the most informed investment choices in a complex market. National Bank of Dubai in London has selected and created a panel of external specialists, familiar with Middle East investors’ needs, to assist in the acquisition, finance, and ownership of commercial real estate investments in London.

National Bank of Dubai Trust Company (Jersey) Limited has been formed with support from and consultation with a world-class financial institution Through the trust company, customers are provided with access to experts in the field of offshore trusts and structures in well established, politically stable and reliable jurisdictions including the Caribbean, Europe and Asia.

The objective of ‘The Private Office’ is to work in close partnership with clustomers as individuals and family businesses on the basis of absolute confidentiality, trust, honesty and integrity. To ensure the growth and protection of their wealth from generation to generation, individual and unique requirements need careful consultation and consideration.

Retail Banking & Card Services

The Bank has a long history of banking excellence. Its retail service philosophy combines the Arab tradition of hospitality and care with the efficiency and precision of modern technology. The Bank’s mission is to establish itself as the Preferred Neighbourhood Bank providing easily accessible and dependable banking support to people across Emirates.

Complementing its Branch Network are its off-site ATMs. The Bank pioneered the first stand alone ATM in the UAE in 1986 and today customers can withdraw cash and pay utility bills through a network of more than 100 ATMs as well as utilize Point of Sale Terminals installed at a large number of hotels and stores.

The bank’s state of the art automated banking services, which comprise of an online service (NBD Online), a telebanking facility (NBD Telebank), the SMS based service (NBD Mobile) are a result of its efforts to provide easy accessibility and ensure banking convenience for our customers.

Its business portfolio includes exclusive service based products for special customer segments. The Abeer, a banking service exclusively designed for women and the Ajial Savings account aimed at young people from 18 to 25 years old.

NBD’s conventional offering of deposit products has been further augemented by the introduction of retail investment products.

The bank’s card portfolio includes Visa Premier and Classic, Platinum, Gold and Standard MasterCard Cards, in addition to a range of credit benefits.

Investing in Technology

The National Bank of Dubai has been at the forefront of identifying and investing in new banking technology to support its operations and to respond to the needs of the community services. The bank, together with other UAE banking institutions, played a leading role in introducing SWIFT, the international telecommunications system for sending and receiving financial data. It was among the first banks to join the UAE Switch linking the ATMs of major UAE banks. The Bank launched it’s Web Site in June 1998.

Investing in People

The National Bank of Dubai’s prominence in the business community means it has a special role to play in helping to develop the country. Whilst the bank employs more than 1100 people drawn from 29 countries, the bank is proud that more than 30% of its workforce are UAE nationals.

The bank has an ongoing commitment to providing training and development opportunities, to enable UAE Nationals to build banking careers and help the development of the UAE. Specially designed and developed training programs underpin the bank’s desire to emiratisation and preservation of its traditional values of quality and service. NBD received the “Dubai Human Development Award” for 2002 in the financial sector and the Human Recources Development Award in the Banking Sector for the year 2003 in recognition of its efforts in the field of Emiratisation.

Awards Received

Through out the years National Bank of Dubai has received a number of awards culminating the Bank's highquality performance.

In February 2004, National Bank of Dubai was named Best Foreign Exchange Bank in UAE by Global Finance Magazine.

The success story continued throughout the year. In March National Bank of Dubai was ranked the fourth best bank and the first local bank in the UAE for Private Banking Services in a worldwide survey conducted by EuroMoney Magazine.

In May 2004, for the second consecutive year, National Bank of Dubai was chosen the Best Bank in UAE by Global Finance Magazine.

And for the seventh time, National Bank of Dubai received the "Quality Recognition Award" from JP Morgan Chase Bank in recognition of the high level of accuracy in money transfering procedures.