NDB launches business banking specialized for SMES
National Development Bank PLC (NDB) recently launched its Business Banking Unit, which includes a new specialized offering for small and medium enterprise (SME) business owners in a variety of savings, investments and lending products.
Accordingly, the customers of the business sector can enjoy a host of tailormade services and focus on the prosperity of their business while the bank focuses on adapting the banking practices around the customer’s business needs, be it preferential rates and discounts on transactions, quick approvals for SME loans, trade financing, bank guarantees, mobile banking including a dedicated relationship manager.
NDB has been working with businesses in the SME sector for over 30 years, acting as an apex agency to channel credit lines from international sources and financing over 150,000 projects directly and indirectly. No one understands the special needs of SMES better than NDB. Thus, business banking also offers project loans and re-finances schemes for business expansions or asset replacements, with flexible terms.
Small-scale business owners are given the opportunity to obtain a business loan of up to 10 million with a hassle-free process and quick approval within three to seven days.
NDB business banking customers will also receive a complete suite of trade products and services and unique value added services for trade clients with supply chain finance for their business. Meanwhile, business banking also offers digital transaction banking, which makes it easier for business owners to perform transactions on a digital platform.