NBAD is a strong partner for financial institutions across the West-East corridor and has a long history of excellent relationships with banks and non-banking financial institutions (NBFIs).
With a team of highly experienced coverage bankers and top class product specialists across our international network, we bring an array of trade solutions to suit the needs of our financial institution clients.
Payments received are processed immediately and cleared for good value. All book transfers are processed on a real-time basis with no human intervention. In cases where the beneficiary maintains an account with another bank, the relevant payment is processed via industry controlled RTGS.
We process payments for all commercial services on the same day, provided we receive payment instructions before the relevant cut-off time. Our payment flows are consolidated with the beneficiary bank to ensure timely processing. We accept commercial payments in all major currencies relevant to beneficiary accounts in the region.
We offer a comprehensive range of reporting via iBANKING, our Internet Banking platform or in the form of SWIFT messages, both real-time and end-of-day (MT900/ MT910/MT940/MT950). NBAD iBANKING provides real-time balance and statement information, including intra-day liquidity reporting and other account details.
We offer a range of key trade solutions including: