Post by : Bianca Qureshi
Dubai: Emirates NBD has introduced a comprehensive Business Support Package aimed at easing financial pressures on small and medium-sized enterprises (SMEs) across the UAE. The initiative offers a range of temporary fee waivers and discounts to help businesses maintain smooth day-to-day operations in the coming months.
The move comes at a time when regional economic conditions are prompting businesses to focus on liquidity and operational efficiency. The package aligns with broader efforts by the Dubai Government and the Central Bank of the UAE to strengthen economic resilience and support business continuity.
Key Benefits for SMEs
Under the support package, Emirates NBD is offering several cost-saving measures, including:
Waiver of loan deferment fees
Free international courier delivery for business cards
Waiver of cheque return fees due to cash flow issues
Free cash withdrawals at ATMs across the UAE and GCC
No charges for business debit card replacement
30% discount on letters of credit and guarantees
Additionally, the bank has announced a 40% discount on Cash Management services, extending its introductory pricing to provide further relief to businesses.
Strengthening Business Confidence
Hamad Mohamed Zayed, Group Head of Business Banking at Emirates NBD, said the initiative reflects the bank’s strong commitment to supporting SMEs during challenging times.
He noted that the package is designed to provide businesses with greater financial flexibility, reduce operational costs, and boost confidence as the UAE continues to position itself as a globally competitive economy.
Aligned with National Economic Measures
The announcement follows the Dubai Government’s approval of a AED 1 billion economic support package, aimed at enhancing economic flexibility and readiness. It also complements the Central Bank’s Financial Institution Resilience Package, which focuses on maintaining stability within the banking sector.
With this initiative, Emirates NBD reinforces its role as a key partner for SMEs, offering practical financial relief while ensuring that banking services remain seamless, secure, and accessible. The move is expected to help businesses navigate short-term challenges and sustain long-term growth.
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