Wholesale Banking Group

As part of the recent restructuring at NBAD and the creation of the Corporate & Investment Banking Division (CIBD), the Wholesale Banking Group (WBG) has been established within CIBD to cater for and provide the most professional and innovative Wholesale Banking services to our clients.

The Wholesale Banking Group is comprised of four main departments covering the following areas:

 

Global Project & Structured Finance (GPSF)

GPSF remains very active as a specialist Project Finance Team which has expertise in non-recourse and limited recourse project finance and has participated at the highest level in a number of major local projects, acted as Lead Arranger, Underwriter, Facility and Security Agent, and also managed syndicates of local, regional, and international banks.

Our focus to date has been diversified across multiple economic sectors including Utilities, Hospitality, Healthcare, Real Estate Development, Aviation, Telecommunications, Oil and Gas, Petrochemicals etc. Furthermore, GPSF has a broad and unique experience on UAE Governmental, supranational, corporate and venture capital financing and participation in the primary and secondary debt market internationally. NBAD has been ranked number one local bank in the GCC as Mandated Lead arranger in 2007.

Syndications & Specialized Portfolio (SSP)

The syndication and distribution of loan assets originated and booked by the different bank units will be centralized at SSP, with the aim to ensure a successful sell down at the primary level. SSP is also responsible for managing the secondary loan sales to achieve the bank’s sell down targets and capture buy/sell opportunities of loan assets in order to optimize returns.

In addition to managing primary distribution and all secondary loan sales, SSP is in charge of building up and maintaining the Available for Sale “Investment Portfolio”, with a global catchments area, primarily investing in UAE and GCC bond & sukuk issues.

Financial Institutions Department (FID)

The dedicated Financial Institutions Department also operates within the WBG. The FID manages the relationships of correspondent banks and currently has banking arrangements with more than 600 banks worldwide. The FID is also responsible for establishing different types of facilities and setting up SWIFT bilateral key arrangements with major correspondent banks. With its well connected domestic branch network, NBAD believes it is well positioned, via the FID, to assist global banks to fulfill their banking requirements within the UAE.

FID continues to successfully market NBAD and its products & services as the option of choice for all their correspondent needs in the UAE and across the global network. During 2003, the FID commenced the building of an international trade finance portfolio through the booking of risk participation business and has, since then, been steadily building its international trade finance portfolio.

In addition, FID is in charge of originating and booking all bilateral and syndicated loan transactions for various bank and non-bank financial institution borrowers.

USA Patriot Act Re-Certification

 

Trade Finance Department (TFD)

The Trade Finance Department (TFD) continued to demonstrate excellence in all aspects of trade finance, by providing customized and efficient trade solutions with adequate delivery systems based on the needs of its growing customer base. TFD offers trade finance products which include documentary credits, documentary collection, and letters of guarantees, standby letters of credit, risk participation and syndication. NBAD is also in the process of setting up a Global Trade Finance (GTF) business within WBG with the objective of having trade finance hubs in UAE (currently the largest trade finance hub), MENA, Europe, Far East and North America.

The mandate of the hubs will be to develop and cross sell relationships between them by offering respective trade finance services to exporter/importer in their respective jurisdiction as such providing a complete Supply Chain Finance Cycle. GTF is dedicated to corporate and financial institutions sector facilitating their local and international commercial transactions taking advantage of the deep knowledge of the bank in both activities.