Dear Friends,

It gives me immense pleasure to announce that our consumer finance division – Emirates Money Consumer Finance LLC has been granted approval from the Central Bank of UAE to commence operations in the country. The creation of this new company as part of the Emirates NBD group has been a long cherished thought and the success of this organisation is critical for our group to achieve its vision to be globally recognised as the leading and most dynamic financial services provider based in the Middle East.

The road ahead for Emirates Money is going to be quite exciting and dynamic. The company has chalked out a detailed strategic plan to cater to the rapidly expanding consumer finance market by offering a series of products and services designed to ease the everyday financial needs of its consumers. Its growth would be fuelled by the ever-increasing demand for innovative loan products for the long, medium and short-term, amongst the fast growing resident population of the Middle East.

I hope Vikas Thapar (General Manager – Emirates Money) and his team can count on your support to make this new initiative a great success. Please join me in wishing them all the very best for the future.

Regards

Jamal Bin Ghalaita
General Manager – CWM

Posted on:23/06/2008