National Bank of UAQ
NBQ (The National Bank of Umm Al Qaiwain psc) was established in 1982 by the Ruler of Umm Al Qaiwain, the late H.H.Sheikh Rashid Bin Ahmed Al Moalla. The Bank’s trade name was changed from The National Bank of Umm Al Qaiwain psc to NBQ in 2005 and the Bank re-launched itself with the new corporate identity. The local government of Umm Al Qaiwain is the largest shareholder and promoter of the Bank.
Our Branch network comprises of thirty Branches including electronic banking units spread across the seven Emirates. Through these outlets the Bank offers a wide range of products and services for both Retail and Wholesale customers, all of which are detailed in the website. The products and services addresses the financial needs of individuals and commercial entities by offering specialized children savings schemes through to highly specialized Trade and Treasury Services.
NBQ is continuously strengthening its operations and upgrading its technology to provide customers the latest banking technologies and services through all its delivery channels. In 2010 NBQ initiated an end to end project to revamp its entire IT Data Center and DR site.
As at 31st December 2011, the paid-up Capital of the Bank is AED 1.600 billion and the total shareholder funds amounts to AED 3.318 billion.
The Bank’s Capital Adequacy Ratio (CAR) of 28.3% as at end of 2011 is one of the highest among the UAE local banks and is traditionally one of the highest of all banks in GCC.
Over the last 30 years, the Bank’s commitment towards the Nation and its people has been appreciated and the Bank has won several awards for its Emiratization efforts and Corporate Social Responsibility.
The Bank’s commitment towards the nation and its people was appreciated in several events and exhibitions. The Council of Ministries of Labor and Social Affairs in GCC States presented a Certificate of Appreciation to NBQ, for its role in creating job opportunities for UAE nationals in the year 2004. As at end of 2011, NBQ had the highest percentage of UAE nationals employed, among all the banks in the UAE and was awarded the First Prize by the Emirates Institute of Banking and Financial Studies ( EIBFS)