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March 28, 2015 6:15 PM ET

Banks

Company Overview of Noor Bank PJSC

Company Overview

Noor Bank PJSC provides personal and corporate banking, wealth management, insurance, treasury, and trading services. Its personal banking services include personal accounts, credit cards, deposits, safe deposit lockers, personal finance, home finance, auto finance, donations, and mutual funds. The company’s corporate banking services comprise corporate accounts, corporate deposits, corporate finance, global transaction, trade services, Islamic factoring, and customer services. It also offers wholesale banking services, such as investment banking and treasury services. In addition, the company provides business banking services, including cash management, structured products, and hedging sol...

Building 1, Level 8

Emaar Square

Downtown Dubai

PO Box 8822

Dubai,  

United Arab Emirates

Founded in 2007

Phone:

971 4 4268888

Fax:

971 4 3456789

Key Executives for Noor Bank PJSC

Chief Executive Officer, Director and Group Chief Executive Officer of Noor Investment Group LLC
Age: 57
Chief Operating Officer and Deputy Chief Executive Officer of Noor Investment Group LLC
Head of Treasury Sales
Head of Sukuk Desk
Head of Money Markets
Compensation as of Fiscal Year 2014.

Noor Bank PJSC Key Developments

Noor Bank to Expand into Turkey

Noor Bank announced that it is looking to expand into Turkey and other nations in order to escape tougher competition at home. The expansion would also allow it to take advantage of a booming global sharia-compliant finance industry.

Noor Bank Offers New Home Finance Solutions

Noor Bank has announced that it will offer two new home finance solutions. The bank announced that the new fixed profit rate variant would allow customers to benefit from finance for a specific term of two and three years. Profit rates for two-year and three-year terms are set at 3.99% per annum and 4.49% per annum respectively. The two product offerings have been developed to match the dynamic finance needs of customers and offer them an extended range of benefits and features. Noor Bank are confident that both these innovations from Noor Bank will empower customers with the much needed stability and place them in better control of their finances. Noor Bank have timed the launch of these solutions to coincide with Cityscape Global 2014 that is set to showcase several attractive properties in Dubai's resurgent real estate sector.

Noor Bank Appoints Rajesh Sethi as Head of Group Strategy and Projects

Noor Bank has announced the appointment of Rajesh Sethi as Head of Group Strategy and Projects. Rajesh is responsible for managing strategic growth projects for the Noor Investment Group. His mandate includes building and acquiring new business lines as part of the Groupâ s strategy to seek profitable and disciplined expansion opportunities. Rajesh brings over 25 years of international experience to his role, including the past six years as CEO of prominent international insurance companies. He has worked in five countries in Asia and Europe across a number of global organizations including MetLife, ING Group, Merrill Lynch and ANZ Grindlays Bank.

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