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NBF Statement to Excel for Business Loans

NBF lends mostly to traders. Six to twelve months of statements showing LC activity, trade finance volume, and stable turnover — extracted cleanly.

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What NBF underwriters actually look for

National Bank of Fujairah does not focus on standard personal loans. Its core lending is working capital, trade finance, and letter of credit facilities for SMEs. Personal loan applicants are typically referred to partner retail banks. If you are applying at NBF, you are applying for a business facility.

Underwriting needs six to twelve months of business account statements. The signals NBF reads: monthly account turnover, trade finance utilisation, LC volumes, supplier and buyer concentration, and the relationship between revenue credits and trade finance drawdowns.

What 'stable turnover' looks like on an NBF statement

Trade finance is cyclical. The underwriter wants to see drawdowns matching shipping cycles and settlements matching customer payments. A clean working capital cycle — supplier paid, goods shipped, customer collects, LC settles — is the positive pattern. Drawdowns without matching settlements are a yellow flag.

The converted Excel lets you trace each LC reference across multiple months. The underwriter does the same trace; getting there before them lets you flag anomalies in the cover letter rather than answering them under pressure.

What the file shows

Twelve months of NBF SME statements is typically 200-1000 rows depending on trade activity. The credit officer scans for the patterns below.

  • Monthly account turnover — total inbound and outbound
  • LC SETTLEMENT and IMPORT FINANCE — utilisation pattern
  • Supplier and buyer concentration — top counterparties on the descriptor
  • Average closing balance — buffer relative to existing utilisation

National Bank of Fujairah (NBF) statement format

Bilingual Arabic-English PDF. AED denominated. Dates DD/MM/YYYY. Columns: date, description, debit, credit, running balance. Trade finance and letter of credit entries clearly labelled with reference numbers. Customer name, IBAN, account type, and statement period in header. Running AED balance updated after each transaction.

LabelMeaning
LC SETTLEMENTLetter of credit settlement debit/credit
TRADE FINANCETrade finance facility drawdown or repayment
SALARY TRANSFERWPS salary credit from employer
ATM WITHDRAWALCash withdrawal from ATM
POS PURCHASECard payment at merchant

UAE specifics for this use case

UAE personal loan applications require 3–6 months; Central Bank capped debt-burden ratio at 50% of salary, so lenders calculate total monthly obligations from the statement.

How to do it — step by step

1

Pull twelve months of NBF statements

From NBF Mobile, download each statement month for the last twelve. Save all PDFs.

2

Upload and merge

Drop all PDFs into Kashfbank. We extract each and merge into a single chronological spreadsheet.

3

Tag trade finance and reconcile to LCs

Mark LC SETTLEMENT, TRADE FINANCE, IMPORT FINANCE rows. Match each LC reference across debit and credit pairs to confirm the cycle closed.

4

Export and submit

Download the CSV. Submit alongside the original PDFs to the NBF SME credit desk.

Common challenges

  • •Lenders in GCC often require Arabic statements; converting while preserving exact amounts is critical
  • •Statements showing salary in one month but not the next (WPS timing shifts near month-end holidays)
  • •Self-employed applicants with irregular income patterns that lenders' scorecards penalize
  • •Multi-currency accounts where the lender's system expects a single base currency

Frequently asked questions

Does NBF do personal loans?

Not in volume. NBF refers retail personal loan applicants to partner banks. If you want a personal loan, a retail-first bank (RAKBANK, ADCB, FAB) is the right choice. NBF is for working capital, LC, and trade finance facilities.

How many months of statements does NBF want for a working capital line?

Twelve months is standard. Six months may be accepted for renewals on an existing facility. The longer history shows trade cycle stability rather than just a snapshot.

Will trade finance utilisation history hurt my application?

No — usually the opposite. Active LC usage with clean settlements signals an established trade business and existing banking discipline. Drawdowns without settlements are the warning signal, not the drawdowns themselves.

Can I use my NBF statement as supplementary income evidence at another bank?

Yes. Many NBF clients hold a personal mortgage at a retail bank and provide the NBF business statement as supplementary income proof. The retail bank reads salary/owner drawings from the NBF descriptor.

Other use cases for National Bank of Fujairah (NBF)

Freelancers

Extract, categorize, and export freelance income and expenses from PDF bank statements — ready for 1099, self-assessment, or ZATCA filings.

Tax Preparation

Convert PDF bank statements to clean spreadsheets for Zakat, VAT, corporate tax, and self-assessment filings across GCC and international markets.

Mortgage Applications

Prepare 6–12 months of verified, structured bank statement data for mortgage underwriting — covering down payment seasoning, income stability, and GCC real estate requirements.

National Bank of Fujairah (NBF) overviewUAE banks guide

Convert National Bank of Fujairah (NBF) Statement

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Regulatory context

Regulator: Central Bank of the UAE (CBUAE)

Fiscal year: Jan 1 – Dec 31 (Gregorian)

Full country guide →

Statement info

AED

Statement language: English

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العربيةEnglish

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