The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has appointed Nilanjan Ray as the Head of Commercial Banking - Gulf.

Mr. Raymanages NBAD’s extensive banking products and services offered to small- and medium-sized enterprises (SME) and commercial clientsthrough Commercial Banking Hubs and select branches.

Mr. Ray has over 15 years of banking experience, especially in the commercial banking space. He joined NBAD from Abu Dhabi Commercial Bank (ADCB) where he was the head of business banking division. Prior to ADCB, Mr. Ray worked for ICICI Bank in Bahrain and India, HDFC Bank and IDBI Bank, both in India.

“Nilanjan Ray is an accomplished and well-regarded banker whose profile includes strong financial accomplishments, product innovation and devising and implementing strategies that strengthen SMEand commercial banking. We are confident in his ability to make NBAD the bank of choice for all SMEs and commercial clientsin the country and across wider NBAD footprint in the Gulf Cooperation Council countries (GCC),” says Abdulla Bin Khalaf Al Otaiba, the Senior General Manager of Retail and Commercial – Gulf at NBAD.

NBAD’s CommercialBanking is committed to help and nurture entrepreneurial spirit in the UAE.The exclusive SME services give entrepreneurs the personalised attention they deserve to learn about superior current and deposit accounts, loan products, corporate credit cards, business lending options, e-banking facilities, cash management solutions, and FXproducts that meet the specific needs of the segment.

Commercial Banking also focusses on providing a complete range of banking services to growth businesses in the UAE and Gulf. Focus is to support commercial clients in trade finance, cash management and supply chain solutions to capitalise on West-East corridor of international trade with UAE at the centre. This strategy capitalises on the wider footprint of NBAD across the Gulf, EU and South Asia.

“NBAD has the right strategy to help nurture entrepreneurial spirit in the country as well as capitalise on international commercial businesses operating in the UAE and GCC This is why I am so excited to work at NBAD and lead the growth of CommercialBanking,” says Mr. Ray. “We will continue to expandNBAD’s outreach to entrepreneurs and growth businesses.”

Mr. Ray holds a Bachelors of Science in Economics from Calcutta University and Post Graduate Diploma from IIFM.
 

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