Emirates NBD introduces comprehensive retail and business banking services on Sheikh Zayed Road

Published June 15th, 2010 - 10:59 GMT

Emirates NBD, a leading bank in the region, announced today the opening of its new Al Sondos Tower branch and Al Sondos Business Banking Centre in Dubai, which will provide a wide range of services both retail and SME clients.

Set in the heart of the busy business neighbourhood next to the Towers Rotana Hotel on Sheikh Zayed Road, the new branch will cater to the needs of the commercial organisations and executives operating in the area, in addition to serving the residents in and around Al Sondos Tower.

"Customer convenience is an area of strategic focus at Emirates NBD as we continuously strive to offer our clients easy access to a host of banking services," said Jamal Bin Ghalaita, Group Deputy CEO, Emirates NBD. "Sheikh Zayed Road is now widely accepted as the premium business and residential district in Dubai. Located in a prime area on Dubai's main business artery, the Al Sondos Tower Branch and Business Banking Centre will add great value to Emirates NBD's service offering."

Customers banking at the Al Sondos Tower Branch will have access to all retail products and services, including Borrow Wisely personal loans, Auto Loans with unique features and Sharia-compliant insurance products and savings. Open on all working days (Saturday to Thursday) from 8:00AM to 2:00PM, the Al Sondos Tower Branch also has one ATM and one Cash Deposit Machine (CDM).

"Customers are always on the lookout for retail banking services that can be accessed at their convenience," said Abdulelah AlKindy, General Manager, Retail Banking, Emirates NBD. "The central location of Al Sondos Tower Branch will enable Emirates NBD to meet the needs of a wide range of customers in the area and offer them a variety of services."

Al Sondos Business Banking Centre, which is adjacent to the Al Sondos Tower Branch, offers SME clients the professional services of an assigned Relationship Manager with in-depth understanding of business requirements. Emirates NBD now has five Business Banking Centres operational across the UAE including Sharjah, Jebel Ali, Ittihad and Satwa.

"SMEs are among the fastest growing economic segments in the UAE and contribute significantly to the country's GDP," said Vikas Thapar, Head of Business Banking, Emirates NBD. "SME financing and banking are however, relatively under explored due to the inherent challenges in servicing this sector. At Emirates NBD, we are focusing on developing efficient banking services that will enable the future growth of SMEs, and the Al Sondos Business Banking Centre will go a long way to meet the growing demand for business banking services."

Al Sondos Business Banking Centre which will be open from 8AM to 5PM Saturday to Thursday, will offer clients preferential pricing and services, red carpet privileges, Emirates NBD Business Credit and Debit cards and access to online banking via smartBUSINESS. 

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