Emirates NBD extends financial services in Sharjah with inauguration of new branch

Press release

Published December 5th, 2012 - 11:56 GMT

New branch

Emirates NBD, a leading bank in the region, announced today, the official inauguration of its new branch situated in Al Quoz residential area in Sharjah. The Matajer Al Quoz branch was inaugurated by Suvo Sarkar, General Manager, Retail Banking, Emirates NBD, in the presence of senior officials from Emirates NBD.

The newly opened Matajer Al Quoz branch, which brings the total number of branches being operated by Emirates NBD in the northern Emirate to seven, will focus on extending a wide range of retail banking services to residents of the densely-populated Al Quoz area as well as walk-in customers of Matajer shopping centre, which is located in close proximity to the Traffic Department of Sharjah.

“Emirates NBD is focused on enhancing its presence nationwide, in line with its commitment to customer convenience, and providing ready access to a wide range of financial services for clients,” said Suvo Sarkar, General Manager, Retail Banking, Emirates NBD. “With the economy showing signs of recovery and business activity witnessing an upturn, Sharjah is an ideal choice for the next expansion phase at the bank, given that the northern Emirate is currently experiencing a high growth rate.”

“The opening of Matajer Al Quoz branch is driven by increasing interest in our retail banking services and products, from existing and potential customers,” Ahmed Al Marzouqi, Assistant General Manager - Retail Distribution, Emirates NBD, said. “Located in a highly dense residential area, the new branch is aimed at providing banking solutions to our customers in a more efficient and convenient manner.”

Located in the residential district of Al Quoz in Sharjah, Emirates NBD’s new Matajer Al Quoz branch offers a range of services including Personal and Auto loans, Account opening, Credit Cards, Teller and customer service. The branch is also equipped with an Automated Teller Machine (ATM) and a Cash/Cheque Deposit Machine (CDM), and will be operational in two shifts Saturday –Thursday, from 10:00AM - 9:00PM.

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.