Complex Made Simple

NBAD to set up 8 new centres to serve SMEs

The National Bank of Abu Dhabi (NBAD) plans to launch eight new business banking centres in 2012 to further serve small- and medium-sized enterprises, Khaleej Times has reported. "We realised the potentials for growth in SMEs. We positioned NBAD stronger financial standing during crisis to invest in serving SMEs," said Haitham Al Refaie, the head of business banking group at NBAD. The lender has so far opened four business banking centres in Abu Dhabi, four in Dubai, and one each in Al Ain, and Sharjah. At least five more centres will be opened in the coming months in Ajman, RAK, Fujairah, and Western Region.