National Bank of Dubai

United Arab Emirates15 April 2003Draft

Founded in 1963, NBD is the oldest locally incorporated bank in the southern Gulf. It operates 33 branches and pay offices in the UAE, a fully automated branch in Grand Cineplex, one branch in London and a representative office in Tehran. In 2002, net profits totaled AED 569 million (USD 155 million) with total assets of AED 35.16 billion (USD 9.57 billion). NBD has been awarded the Best Bank in the UAE -2002 by The Banker magazine. NBD plays a major role in funding Government infrastructure developments and its portfolio covers a wide area including transport, real estate, construction, manufacturing, tourism, government and service industries. The Bank pioneered the first stand-alone ATM in the UAE in 1986. Today, customers can withdraw cash and pay utility bills through a network of more than 95 ATMs as well as utilize the Point of Sale terminals installed at a large number of hotels and stores. The Bank's card portfolio includes Visa Premier and Classic, and Gold and Standard MasterCard Cards. Card benefits include a Saver's card offering discounts at various retail outlets, a Webs hopper card, Roadside Auto Assistance, free supplementary cards and a utility bill payment facility.