National Bank of Abu Dhabi selects Transguard for cash management services

Transguard will also provide NBAD with full banking support services, including general ledger balancing, audit trials and ATM reconciliation. The agreement was signed at a ceremony held at NBAD's head office in Abu Dhabi.

Dr. Abdulla Al Hashimi, Divisional Senior Vice President, Emirates Group Security said: 'We are very pleased that NBAD has selected Transguard for its cash services and banking support services, and we look forward to fully delivering on their requirements.'

He added: 'Transguard is one of the few providers of such specialised services for the region's banking and financial sector, and we pride ourselves on operating to the highest global standards in security and cash services. This contract win is an endorsement of the efficiency and reliability of our services.'

Saif Ali Al Shehhi, NBAD General Manager - Domestic Banking Division, said: 'Customer service is of paramount importance to us, that is why NBAD has invested in its branches and ATM network in the UAE. To provide our customers with distinguished services, we require our suppliers to demonstrate capability to deliver to our exacting standards: reliability and efficiency is the key.'

He added:

'Transguard is unquestionably capable of meeting our stringent criteria and I am delighted to enter into this agreement with them.'

Under the agreement, Transguard will make cash collections from NBAD's corporate customers and transport the cash using armoured vehicles. Transguard has highly-trained staff at its state-of-the-art currency management centre to facilitate this process accurately and speedily.