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Monday, November 9 - 2009

Emirates NBD announces launch of home loan financing in Abu Dhabi

  • United Arab Emirates: Wednesday, September 10 - 2008 at 11:44
  • PRESS RELEASE

Emirates NBD, the UAE's leading bank, announced the launch of its home loan financing scheme in Abu Dhabi last night at a press conference held at The Emirates Palace Hotel in Abu Dhabi and headed by Mr. Suvo Sarkar, General Manager - Retail Banking.

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  • Group picture.
    Group picture.
Mr. Jamal Bin Ghalaita, Emirates NBD General Manager - Consumer Banking and Wealth Management said:
"The Abu Dhabi real estate market is at an all time high with a series of freehold developments being introduced to the market, creating opportunities for both UAE Nationals and Expatriates to purchase property in the capital. The launch of Home Loans from Emirates NBD for residential properties in Abu Dhabi, comes at a crucial time and will be well-received by customers looking for a simple and convenient loan solution to buying property in the ever-growing city."


Mr. Suvo Sarkar, Emirates NBD General Manager- Retail Banking added: "Emirates NBD is proud to be the largest mortgage lender amongst banks in the UAE. We have a comprehensive range of innovative mortgage products and service levels that are second to none."

Emirates NBD's Home Loans product is available to both UAE Nationals and Expatriates living in the country and offers high loan amounts, a very low introductory interest rate of 4.99%, extended repayment periods and a pre-approval facility. Customers are offered the choice between fixed interest rates for periods up to 7 years and floating interest rates. The bank also offers repayment break of principal amount of up to 24 months.

In addition, Emirates NBD's Home Loans customers will be entitled to additional services such as: Pre-approved NBD credit card, NBD payroll account, the all-in-one salary transfer account with no minimum balance requirement. Also available to Home Loans customers will be free online banking, free bill pay service and free mobile service.

In Dubai, Emirates NBD recently launched its very own Mortgage Center conveniently located in Emaar Business Park, and will be opening two more Mortgage Centers soon. The center is a one stop business shop for all the mortgaging needs of current and prospective Emirates NBD customers. Amongst the services provided by the specialised center are Mortgage Consultation, Product and Account inquiries, Mortgage Application and Valuation Requests.

The Service Center functions from Sunday to Thursday between 9 am and 7 pm (between 9 am and 2 pm during the Holy month of Ramadan) while the Sales Center is open from Saturday to Thursday from 9 am to 7 pm (between 9 am and 2 pm during the Holy month of Ramadan)..Emirates NBD is the largest mortgage provider among banks in the UAE, offering a full range of mortgage products that include Home Loans, Office Loans and the innovative Offset Home Loan.
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Notes and media contacts

About Emirates NBD
Emirates NBD (DFM: ENBD) is the biggest banking group in the Middle East by assets. The Group has a leading retail banking franchise in the UAE, with over 115 branches and over 488 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.

About National Bank of Dubai
Founded in 1963, National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Known as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike. Recognizing this leading performance, NBD has been awarded with the Dubai Quality Award for the year 2005.

Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. In addition, NBD's private banking services, offer highly tailored solutions to preserve and protect the personal wealth of its customers. Furthermore, NBD offers customers automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), an SMS based service (NBD Mobile) and an online brokerage trading in UAE shares through its subsidiary, NBD Securities.

NBD also recently established NBD Investment Bank which is its' investment arm operating from DIFC. With a comprehensive card portfolio that provides an array of benefits, NBD has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.

National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and Qatar as well as a representative office in Tehran.


About Emirates Bank
Emirates Bank is the flagship institution of the Emirates Bank Group and epitomizes the dynamism of the group. Since inception in 1977, the bank has constantly strived to offer cutting-edge corporate and retail products and services, supported by investments in technology and a commitment to service excellence. The bank's Consumer Banking division offers a full range of products and services comprising accounts, deposits, loans, cards, mortgages, investments and insurance, to meet the customer's every financial need. In addition, its priority banking customers can benefit from relationship management support, specialized products, and other advantages, through the Al Shaheen Club. Emirates Bank has one of the largest branch and ATM networks in the country providing customers with easy and convenient access. Customers can also bank 24 hours through online and phone banking, as well as benefit from a wide variety of bill payment options.

For more press information please contact:
Zeina El Haj
Head of Marketing, Communication & Events For Consumer Banking & Wealth Management
Emirates NBD
Tel: 04 209 2669
Fax: 04 2329147

Aya Elamine
Account Manager- PR
tamra-c2
T: 04 295 1177
F:04 295 1188

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