By: Amr Adel

Dubai – Mubasher: The National Bank of Abu Dhabi's (NBAD) SMEs portfolio's revenues increased 30% from the beginning of the year, compared to the year-ago period.

The growth is a result of the bank's strategy over the past three years of focusing and expanding in offering products suitable for the SMEs, Nilanjan Ray, managing director of commercial banking for Gulf at NBAD, said.

Ray noted that the portfolio grew 300% since 2013, adding that the interest rates on the loans given to these institutions range between 4% and 9%.

He added that the bank launched lately a number of programmes and services to develop the SMEs sector.

Translated by: Sara Gahli