To support CBE initiatives & the Egyptian economy Emirates NBD actively participates in Arab Financial Inclusion Day

To support CBE initiatives & the Egyptian economy, Emirates NBD actively participates in Arab Financial Inclusion Day

1 Min | 26 April 2017
Fee-free bank accounts with no minimum balance for customers & SMEs for one week as of April 27, under the motto "An Account for Every Citizen"

Cairo, April 26, 2017 – To support the initiative of the Central Bank of Egypt (CBE) and the Egyptian economy, Emirates NBD Egypt actively participates in "The Arab Financial Inclusion Day" tomorrow, Thursday, April 27.

The one-week activities of The Arab Financial Inclusion Day include a variety of offers and advantages as Emirates NBD Egypt will open Fee-free bank accounts with no minimum balance for customers as well as SMEs, to promote the motto of the initiative; "An Account for Every Citizen"

Emirates NBD Egypt will provide its services and offers through its branches nationwide as well as the presence of the bank's taskforces at universities, clubs and locations of youth gatherings across the country. The bank will also organize a number of activities to promote the importance of financial inclusion and spread the awareness across the country to encourage citizens to open new bank accounts, including free training courses for SME owners to qualify them to run their businesses and increase their financial awareness. The first course will start on April 27 in Minya, Upper Egypt, and the second one is scheduled to be held on May 3 in Mansoura, the Nile Delta.

Frederic de Melker, Head of Retail Banking and Wealth Management at Emirates NBD, said: "We strongly support the CBE's financial inclusion initiative, which will have a positive impact on the growth of the Egyptian economy and boosts financial stability. Financial inclusion is in the best interest of customers as it introduces more competitive products that suit all segments of the society, and pays attention to customer complaints, which are addressed neutrally. Emirates NBD Egypt welcomes robust competition among banks operating in the Egyptian market, and has full confidence in the quality of its distinctive products and services and their capability to ensure customer satisfaction."

"The realization of financial inclusion positively impacts SMEs, providing this key sector with great momentum. At Emirates NBD Egypt, we offer a variety of banking products which help owners of SMEs expand their businesses, in addition to providing free consulting that boosts their opportunities for further successes", said Hany El Shamy, Head of SMEs at Emirates NBD Egypt.

The realization of financial inclusion and opening bank accounts help large segments of customers; i.e. owners of SMEs, micro businesses, women, youth and others to benefit from the numerous advantages provided by the banking system and the exceptional services provided by Emirates NBD Egypt."

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