NBAD - PRESENTING PARTNER OF
SME BEYOND BORDERS 2016
National Bank of Abu Dhabi (NBAD), the largest bank in the UAE by assets, is committed to supporting the UAE economy, and in particular the SME segment’s growth across the region.
Presenting SME Beyond Borders - one of the leading events in the region to highlight the challenges and opportunities for SMEs – is a natural choice that underscores this commitment.
NBAD believes that a thriving SME sector is essential to the nation’s prosperity and that smaller businesses have a critical role to play in the diversification of the UAE economy as well as in future job creation. According to UAE Ministry of Economy, SMEs account for 86% of the workforce in the private sector and for more than 60% of the UAE’s GDP. Research shows that they typically generate revenue six times faster than larger businesses. Supporting the growth of SMEs is therefore a top priority for NBAD across the UAE and the wider region.
NBAD’s SUPPORT TO SMES
NBAD recognises and understands the main challenges that smaller businesses frequently face on the path to growth. These challenges include mainly lack of capital and lack of skills.
The bank is already providing products and services tailored to meet the specific needs of over 27,000 SMEs. It has also created and invested in a network of Community Banking Specialists working through branches across the country to support and advise entrepreneurs, with dedicated teams focused on their needs across all sizes and industries.
On the other hand, NBAD believes it is also their responsibility, as a leading Arab bank, to help SMEs address the skill gaps and ensure that their business is bankable to reach its full potential. This is why the bank has sponsored the pilot year of the SME Academy in 2015-16, aimed at creating a greater value for the business community in the region through a cost-free skills-based workshops that have so far trained over 500 executives on strategic topics.
NBAD has one of the largest networks in the UAE, with 106 branches and cash offices and more than 531 ATMs across the country. NBAD’s growing international presence consists of 45 branches and offices in 17 countries stretching across five continents from the Far East to the Americas.
Since 2009, NBAD has been ranked consecutively as one of the World’s 50 Safest Banks by the prestigious Global Finance magazine, which also named NBAD the Safest Bank in the Emerging Markets and the Middle East.
NBAD is rated senior long term/short term AA-/A-1+ by Standard & Poor’s (S&P), Aa3/P1 by Moody’s, AA-/F1+ by Fitch, A+ by Rating and Investment Information Inc (R&I) Japan, and AAA by RAM (Malaysia), giving it one of the strongest combined rating of any Global financial institution.
NBAD offers a range of banking services including retail, investment and Islamic banking. NBAD grows strategically toward its vision to be recognised as the World’s Best Arab Bank.
For more information please visit:
– our corporate webpage at: www.nbad.com
– our SME section on ‘NBAD Insights’ webpage https://www.nbad.com/en-ns/insight-and-features/sme-insight.html