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Emirates NBD has launched a new initiative that enables customers to invest in the UAE stock markets without paying any transaction fees, with the aim of encouraging the growth of local stocks and boosting the country’s economic growth..
The bank’s initiative is in line with the UAE Vision 2031, which aims to strengthen the UAE’s position as a global partner and an attractive and influential economic hub. By providing customers with the opportunity to invest in local equity markets, Emirates NBD reinforces its ongoing commitment to supporting the country’s economy and economic agenda. The bank continues to work closely with the UAE government, regulatory bodies and the private sector to establish the country as a major global investment hub..
Emirates NBD customers can explore and trade local stocks for free, using the mobile banking app, ENBD Xwhere more than 150 regional stocks are available for trading on the platform..
“Emirates NBD continues to finance the real economy of the UAE, while contributing to the long-term economic development and growth of the region. As a leading local bank, we continue to provide initiatives that support the financial well-being of our valued customers. While our new initiative provides investors with access to local equity markets, it also allows them to explore and invest in local stocks at no fees, providing them with the opportunity to diversify their investment portfolios,” said Marwan Hadi, Group Head of Retail Banking and Wealth Management, Emirates NBD..»
Hadi added: “Investing in local stocks contributes directly to the success of local businesses and companies, thus supporting the growth of our national economy and keeping pace with the bank’s commitments and objectives.”.»
Emirates NBD’s digital wealth platform allows customers to trade securities on global and local exchanges. In total, there are more than 11,000 global stocks and 150 regional stocks available for trading..
Since its launch last year, the bank has continued to enhance its unique digital wealth management platform, via the mobile application. ENBD X. Earlier this year, the bank announced the launch of its “fractional bond” investment service through the platform, which represents a pivotal development in its journey towards enhancing access to financial markets. In addition to allowing customers to easily invest and trade in complex financial instruments through the same application that meets all their daily banking needs, the platform also provides the advantage of «Secure Sign» Unique, allowing clients with large trading volumes to update and sign investment documents to complete any deal regardless of its complexity or value..
