Company Insights National Bank of Fujairah NBF Banking & Finance National Bank of Fujairah Overview The National Bank of Fujairah is a full-service corporate bank established in 1982. It offers corporate and commercial banking, treasury, trade finance, personal banking and sharia-compliant services. It was the first conventional bank to join Nasdaq Dubai’s Islamic Murabaha platform in 2017. Under the leadership of the chairman Sheikh Saleh Bin Mohamed bin Hamad Al Sharqi, the National Bank of Fujairah says it is focused on becoming a “digital-enabled” bank in line with the UAE’s Centennial 2071 plan. The bank says it is also committed to sustainable solutions through various programmes. It offers UAE nationals training and development programs, as well as NBF GenNext, a week-long leadership programme for the children of corporate clients, covering business management, succession planning, wealth management and legacy creation. Subsidiaries include NBF Financial Services and NBF Markets (Cayman). The government of Fujairah, Easa Saleh Al Gurg, Investment Corporation of Dubai and Fujairah Investment Company are among the main shareholders. National Bank of Fujairah News Banking & Finance Bad loan provisions drop markedly at UAE banks Most of the UAE’s top banks have significantly reduced how much they put aside to cover bad loans, in an indication of a generally benign economy and expectations of growth stretching into next year. During April and June this year, banks set aside AED1.3 billion ($350 million) in net loan loss provisions (LLPs) – the […] August 22, 2024 Sustainability Top Gulf banks help raise $787m in sustainable credits Two leading Gulf banks have helped arrange nearly $800 million in sustainability-linked loans for a leading agricultural producer based in Singapore, as local institutions prioritise green lending in their portfolios. First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, and National Bank of Kuwait, the country’s biggest financial institution, acted as lead arrangers, […] February 24, 2023 Analysis Logistics Fujairah’s ship is coming in – and bringing tourists as well as trade Fujairah’s position on the Gulf of Oman coast has become its defining characteristic. The location has helped the emirate build a thriving maritime sector and given the rest of the UAE an alternative to the Strait of Hormuz. The Port of Fujairah opened in the early 1980s and successive development projects have added berths and […] February 8, 2023 Posts navigation
Banking & Finance Bad loan provisions drop markedly at UAE banks Most of the UAE’s top banks have significantly reduced how much they put aside to cover bad loans, in an indication of a generally benign economy and expectations of growth stretching into next year. During April and June this year, banks set aside AED1.3 billion ($350 million) in net loan loss provisions (LLPs) – the […] August 22, 2024
Sustainability Top Gulf banks help raise $787m in sustainable credits Two leading Gulf banks have helped arrange nearly $800 million in sustainability-linked loans for a leading agricultural producer based in Singapore, as local institutions prioritise green lending in their portfolios. First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, and National Bank of Kuwait, the country’s biggest financial institution, acted as lead arrangers, […] February 24, 2023
Analysis Logistics Fujairah’s ship is coming in – and bringing tourists as well as trade Fujairah’s position on the Gulf of Oman coast has become its defining characteristic. The location has helped the emirate build a thriving maritime sector and given the rest of the UAE an alternative to the Strait of Hormuz. The Port of Fujairah opened in the early 1980s and successive development projects have added berths and […] February 8, 2023
