Sunday 19, November 2017 by Jessica Combes

National Bank of Fujairah to participate at sixth ICC UAE Trade Finance Conference

 

National Bank of Fujairah (NBF) PJSC will take part in the sixth edition of the International Chamber of Commerce (ICC) UAE Trade Finance Conference as the diamond sponsor.

The event, set to take place at the Dubai Chamber of Commerce and Industry on 20 November will be attended by stakeholders from banking institutions, insurers, fintech firms and corporates.

The partnership between the ICC UAE chapter and NBF dates back to 2012, when the bank first supported the event, highlighting its importance for both the commercial and banking sectors in the economy. This year, stakeholders will join under one roof to exchange ideas and share knowledge and discuss the economic climate, and the prevailing challenges and opportunities. In addition, regional developments impacting trade finance, fintech, digitisation of businesses, and other topics of interest to the local and international stakeholders will be covered.

“We are proud to be present at this event as it cements our position as the preferred partner for businesses in the UAE. With challenging macroeconomic conditions and a wave of evolving changes, it remains key for stakeholders in the industry to stay focused on strengthening the business community’s capabilities in the UAE. At NBF, leveraging our trade finance expertise and offering digital propositions and solutions are just two examples of how we work relentlessly to meet our clients’ expectations,” Vince Cook, NBF’s CEO said.

According to the Ministry of Economy, SMEs contribute an estimated 60 per cent of the country’s GDP, and create the majority of employment opportunities reaching up to 86 per cent in the private sector. Since its launch, the bank has showed unparalleled commitment to bolstering its SME and mid-corporate portfolio as a key business segment and support start-ups by extending end-to-end lending solutions. NBF’s continues to provide improved digitised solutions to its customers, with a constant effort to drive more customers to use NBF Direct platform for all their trade finance requirements, whether these requirements are letters of credit, trust receipt or sales and receivable financing requirements.

 

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