Emirates NBD offers personal loans from 6.99 per cent to UAE Nationals during Ramadan

Press release
Published July 31st, 2011 - 09:43 GMT

Abdulehah AlKindy, General Manager – Retail Banking, Emirates NBD
Abdulehah AlKindy, General Manager – Retail Banking, Emirates NBD

In line with its growth strategy for 2011, Emirates NBD, a leading bank in the region, has introduced lower interest rates on all personal loans to UAE Nationals during the Holy Month of Ramadan.

Personal Loans now start from as low as 6.99 per cent per annum. Salaried UAE National customers can avail of this special Ramadan offer until August 31, 2011.

“With a large customer base across all segments and profiles, Emirates NBD offers tailor-made products for diverse categories of customers,” said Abdulehah AlKindy, General Manager – Retail Banking, Emirates NBD. “With our strategy of serving specific customer segments, we are witnessing sustained increase in business across the personal loan category.”

“We understand that a number of household expenses may increase in the run up to the Holy month, to account for traditional gifts, food and hospitality. As we approach one of the most significant occasions of the year, this special offer will mean more value and choice for our UAE National customers, this Ramadan. As families prepare for traditional festivities, this pricing promotion is aimed to ease the financial pressure on household budgets, allowing more time for enjoyment and celebration,” he added.

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.

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