Monday, 30 December 2024

Best SME Bank in the UAE is Emirates NBD

5 min read

By The Asian Banker

Emirates NBD is recognised for its extensive support for the SME sector. As a one-stop solution for business banking, it digitally onboarded over 7,000 small and medium-sized enterprises (SMEs) in 2024 and provided them with dedicated services. The bank commands a 28% market share in SME deposits and saw its credit facilities increase by 53% in the first half of 2024. This growth was driven by its dedicated asset centre approach, expanded asset coverage teams, and specialised teams for trade, working capital, and real estate lending. For offering tailored lending programmes, seamless digital access through its business ONLINE platform, and initiatives like Fleet Finance, the award for Best SME Bank in the UAE is Emirates NBD. 



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