National Bank of Fujairah Dubai Office/Supplied
by Kudakwashe MuzoriwaNational Bank of Fujairah (NBF) plans to set up a banking platform for SMEs to provide access to comprehensive financial and business services and solutions.
NBF stated that the SME banking platform will leverage the bank’s latest business solutions and skilled expertise and will evolve into a unique space for SMEs to access banking requirements, find and interact with peers as well as create ideas that can address specific business challenges.
Devid Jegerson, the Head of Customer Experience and Platform Development, said, “Given that SMEs in the UAE are growing rapidly, the platform will serve as a digital space for the sector to interact with peers, share know-how and gain access to beneficial resources on government policies.”
According to the Ministry of Economy, the SME sector represents more than 94 per cent of the total number of companies operating in the country and provides jobs for more than 86 per cent of the private sector's workforce.
MOST READ
INVESTMENT
India seizes Yes Bank, limits withdrawalsINVESTMENT
ING Groep plans to sell its Turkish unitINVESTMENT
SABB seeks to boost corporate lendingINVESTMENT
UBS launches new private client programINVESTMENT
Egypt plans to resume IPOs of parastatalsINVESTMENT
HSBC considering exiting from TurkeyINVESTMENT
Abu Dhabi’s Group 42 acquires BayanatINVESTMENT
Amanat considers stake in VPS HealthcareINVESTMENT
KIZAD, ECI partner to support UAE businessesINVESTMENT
Fiat Chrysler, PSA explore a potential mergerINVESTMENT
UBS investment bank job cuts reach EuropeINVESTMENT
Saudi Aramco plans to complete IPO this yearINVESTMENT
Emirates NBD’s launch of E20. credit positive
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
