National Bank of Fujairah (NBF), UAE-based full-service corporate bank, has secured the “Best SME Bank” and “Best Trade Finance Provider” accolades at the MEA Finance 2021 Awards.
The MEA Finance Banking Technology awards offer global recognition for the region’s leading banks, financial institutions, and technology providers, by bringing the banks into the spotlight for their smarter, more effective and more efficient solutions.
The “Best Trade Finance Provider” award recognizes NBF’s efforts in setting the pace of the country’s trade growth and development. NBF trade financing portfolio remains steady and contributes to 40 percent of the bank’s revenue. The bank also offers structured trade financing solutions specifically tailored to the diversified needs of clients.
“In line with the UAE national economic vision, the coming era focuses on enhancing the role of enablers in new economy sectors, with SMEs being an important pillar to the financial sector. Consistent with its long-term commitment to the SME ecosystem, the bank continues to provide financial support and multi-sector expertise, including trade finance solutions, to enable businesses to succeed and flourish. We pride ourselves on these awards as they serve as a true acknowledgment of the bank’s leadership in this important sector.”
The small and medium-sized enterprises (SME) segment is a key pillar of NBF’s growth. The bank embarked on developing a broad range of products based on a thorough understanding of customers’ needs and continues to improve this suite to better meet customers’ ongoing business requirements.
NBF offers a comprehensive portfolio that includes regular working capital facilities, collateral-free business term loans, long-term loans for constructions of offices/warehouses, CAPEX, project financing, parameterized lending, and more.