Tuesday, May 10, 2011

Emirates NBD provides free foreign currency telegraphic transfers to online customers



• Available to all online banking customers until June 30,
2011
• Includes all foreign currency telegraphic transfers
• Bank committed to providing attractive benefits and greater
convenience

Dubai, May 9, 2011: Emirates NBD, a leading bank in the region, announced

today that its foreign currency telegraphic transfer facility is free of charge for

online banking customers until June 30, 2011.

“Today’s announcement will enable our customers to make all foreign currency

online transfers, free of charge, until end of June 2011,” said Abdulelah AlKindy,

General Manager, Retail Banking, Emirates NBD. “This is in line with our

commitment to provide attractive benefits and greater convenience to what is

already a fast and efficient alternate banking channel.”

The limited-period offer is in line with the bank’s commitment to providing

its customers with relevant and convenient services. It is valid for all foreign

currency telegraphic transfers that are conducted via BankNet, Emirates NBD’s

comprehensive online banking system.

“UAE remittances total around AED 120 billion each year, primarily to support

dependents or for investment purposes,” continued AlKindy. “With a large

expatriate population working and residing in the UAE, foreign currency

telegraphic bank transfers are among the more popular services provided by

UAE banks.

“At almost half of the total, the largest volume goes to India, followed by China

Bangladesh, the Philippines, Pakistan, Nepal, Sri Lanka, Indonesia and other

countries,” he added.

“As the pioneering online banking service in the UAE, Emirates NBDs BankNet

offers the ideal platform for making fast and convenient telegraphic transfers

to anywhere in the world. The transaction can be carried out simply from any

Laptop or Smartphone, from the comfort of one’s home or office,” he continued.

BankNet allows customers to view their account details, transfer funds, open

accounts and order chequebooks and ATM/debit cards online, with no fees and

24-hour availability. With 32 payment partners, including Etisalat, Du, SALIK,

DEWA, RTA, Emaar Properties, flydubai and many others, the greater part of

managing personal finances can now be taken care of from a single platform.

Other banking solutions offered by Emirates NBD include mobile banking facility,

the latest addition to Emirates NBD’s numerous existing information technology

channels, which also include online, telephone and PDA banking.

About Emirates NBD:
Emirates NBD (DFM: Emirates NBD) is the biggest banking group in the Middle East by assets.
At 31st of December, 2009, total assets were AED 281.6 billion and a combined market share of
20.5%.

The Group has a leading retail banking franchise in the UAE, with 132 branches, 705 ATMs and
SDMs. It is a major player in the UAE corporate banking arena, with a combined market share of
almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private
banking, asset management and brokerage operations.

The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom
and Jersey (Channel Islands), and representative offices in India, Iran and Singapore. For more
information, please visit: www.emiratesnbd.com

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