Emirates NBD continues expansion drive in Abu Dhabi

Press release

Published May 8th, 2011 - 06:12 GMT

Emirates NBD inaugurates Al Wadha branch in Abu Dhabi

Emirates NBD, a leading bank in the region, announced today that it has further extended retail banking facilities to its customers in the UAE capital, with the opening of a new branch on Hazza Bin Zayed Street adjacent to Al Wahda Mall.

“Today’s announcement is a significant step in our strategy to increase our branch network in Abu Dhabi,” said Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD. “With retail banking an important driving force behind growth in the banking sector, Emirates NBD is dedicated to ongoing investment in its physical infrastructure in every Emirate. Our aim is to grow our retail banking operations in the UAE capital and surrounding areas, in line with growing customer demand.”

The branch will service the needs of both Personal and Priority Banking customers, and is conveniently located on the ground floor of the Al Wahda Office Towers, next to the popular Al Wahda Mall. It is also in close proximity to the Al Wahda Sports Club, home to the famous Abu Dhabi football club.

“In line with recent surveys showing a notable rise in consumer confidence, we see a growth opportunity for consumer wealth management services in Abu Dhabi,” said Abdulelah Al Kindy, General Manager – Retail Banking, Emirates NBD. “At this new branch, customers will find a full range in terms of banking products and services for managing their finances. Our team of professional tellers, relationship managers and investment specialists, are available to respond to a broad range of requirements, from customised financing for UAE Nationals to Borrow Wisely personal loans, Auto Loans and Sharia-compliant insurance products.”

Emirates NBD now has a total of 15 branches in Abu Dhabi, 49 ATMs and 14 CDMs. The Al Wahda branch has one ATM and one CDM (Cash Deposit Machine), with two more ATMs available inside the Mall itself. The branch is open from 8 am to 8 pm, Saturday to Thursday, and offers customers a full range of consumer finance products. The opening of this branch is in addition to Emirates NBD’s numerous specialised banking centres in Abu Dhabi, including a Business Banking, a Private Banking, nine Priority Banking, and four Direct Sales centres.

Background Information

Emirates NBD

Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.