Mashreq opens the first Business Banking Centre

Affirming its commitment to continue its support to SMEs, Mashreq, one of the UAE’s leading financial institutions, announced the official opening of its first exclusive Business Banking Centre in Dubai. Located in the heart of Dubai’s business hub in Muraqqabat, Deira, the new Centre will offer a comprehensive range of services to SMEs, through a dedicated and experienced team of Customer Service Associates and Account Managers.

“Mashreq has supported countless entrepreneurs in the past, and dedicated many of the bank’s services to SMEs, we wanted to take the next step towards business banking customers and invest in giving them a  dedicated  and convenient servicing point that they deserve,” said Rohit Garg, Head of Business Banking, Mashreq.

The inauguration of the Centre was attended by Farhad Dhun Irani - Head of Retail Banking Group, Shaker Zainal - Regional Head of distribution and Rohit Garg, Head of Business Banking along with select Business Banking Clients.

“Mashreq provides distinctive financial solutions for the specific needs of SMEs and Start-Up businesses. We ensure to enrich customer experience at every touch point and offer the necessary banking tools to support their business growth. Such initiatives have helped keep Mashreq at the forefront of SME development right across the Middle East.” Garg added.

The bank has market leading products and services to benefit the SMEs such as, SME credit card, self-employed personal loans, Loans for Small business, Trade Finance products, Merchant overdrafts and Business accounts to name a few. To offer further convenience to customers, Mashreq is the only bank in the region which offers a state of the art Treasury service which is 365 days and 24X7 to cater for clients with foreign exchange needs.

Shaker Zainal, Regional Head of Distribution commented, “We understand the significance of speedy and reliable to service to grow any business and that is exactly what we have been focusing on. Today, a customer wants to be serviced and offered innovative financial solutions in one stop and with the opening of the new centre, it should serve that purpose. Offering innovation coupled with world-class service is necessary in today’s day to day life and we aim to continue leading this space.”

Two highly convenient SME platforms were launched in 2014 by Mashreq; the first is the SME Direct, which provides a dedicated online banking platform for the SME Business Banking customers. Its’ goal is for customers to stay updated on the balance of their accounts, credit cards, and loans, in addition to being able to transfer funds to any account across the globe and pay their bills to a range of service providers in the UAE. The second platform is the SMEXchange, which is a free-to-join business community platform that is open to all SMEs. It offers users the resources, information and tools that are highly beneficial in day-to-day businesses. The key feature in the SMEXchange is the Marketplace, which allows SMEs to advertise their products and services to other users of the platform, helping them expand their client networks.

Demonstrating the importance of trusted and convenient customer service, Mashreq also has a dedicated SME Call Center with exceptional time for average turnaround of more than a 90% resolution within 72 hours, keeping business owners at the top of the priority list.