National Bank of Fujairah | |
Native Name: | National Bank of Fujairah PJSC |
Founded: | 1982 |
Industry: | Financial services |
Num Employees: | about 762 |
Key People: | Adnan Anwar (CEO) |
Location: | Hamad Bin Abdullah Street, PO Box 887 Al Fujairah Building, Khalid Bin Waleed Street, PO Box 2979, Dubai |
Location City: | Fujairah |
Location Country: | United Arab Emirates |
Website: | https://www.nbf.ae/en |
National Bank of Fujairah is a full-service corporate bank that offers corporate and commercial banking, treasury and trade finance services, personal banking options, and Shari’a-compliant services. The bank had commenced full operations in 1984 and is celebrating 40th anniversary of operations this year.
The bank is rated Baa1/Prime-2 for deposits and A3 for counterparty risk assessment by Moody’s [1] and BBB+/A-2 by Standard & Poor’s, both with a stable outlook. It is listed on the Abu Dhabi Securities Exchange under the symbol “NBF”.[2]
National Bank of Fujairah provides corporate banking, business banking, and personal banking services along with trade finance, treasury, cash management, precious metals and diamonds, and Islamic banking support. In 2017, the bank was the first conventional bank to join Nasdaq Dubai’s Islamic Murabaha platform for Islamic financing.[3]
The bank has 14 branches across the UAE, with head offices in Dubai and Fujairah.
The bank was established in 1982 and commenced operations in 1984.
The bank's shareholders' profile, as of March 31, 2024, is as follows:[4]
The bank has 2 subsidiaries:
Established in December 2004, with limited liability status in the Fujairah Free Trade Zone, NBF Financial Services FZC provides the bank with key financial advisory and support services.
Registered in the Cayman Islands as an exempted company limited by shares under the Companies Law (revised) of the Cayman Islands and regulated by the Cayman Island Government General Registry.
The Company was established on 31 January 2017 to provide support services to the Bank to enter into foreign exchange and derivative transactions with financial institutions / counterparties under the terms and conditions of the International Swaps and Derivatives Association (ISDA).