Thursday, 8 December 2022

Best Cash Management Bank in the UAE - Emirates NBD Bank PJSC

5 min read

By The Asian Banker

Driven by digital initiatives and strategic partnerships with financial technology players, the bank’s current account savings account (CASA) deposit balances saw a 29% growth in 2021. The launch of a virtual account proposition was instrumental in driving collection process efficiencies and automating reconciliation, which paved way for its customers to identify payers in real-time. The bank also leveraged process automation to bring down the cost of operations, which aided in improved recovery of  teller, negative interest rate and ad hoc charges, and fee income for the bank. Its second to none cheque clearing capabilities demonstrate more than 80% of the cheques are cleared digitally. 

 

For these achievements, the Best Cash Management Bank in United Arab Emirates is Emirates NBD.



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