RAKBANK, City Properties ink property management services MoU

Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) on Sunday announced it has signed a memorandum of understanding (MoU) with City Properties Real Estate (CPRE), a leading leasing and property management service providers in the UAE.

Through this partnership, RAKBANK’s Business Banking unit will be able to refer specialised services to its real estate customers on preferential terms, according to a press release.

Customers will be also provided with discounts on property management fees, legal services, online monitoring, and utilities payment modules under the MoU.

The MoU was signed by chief operating officer of RAKBANK Geoff Stecyk, managing director of Business Banking Dhiraj Kunwar, senior manager of Business Banking at RAKBANK Kunal Roy and CEO of CPRE Abdulla Al Shaibani.

Geoff Stecyk, COO of RAKBANK, commented: “This is a valuable addition to the diverse range of products and services that are offered by RAKBANK Business Banking. Both RAKBANK and CPRE are committed to addressing property owners’ challenges by providing innovative solutions that will reduce costs and improve operating efficiencies.”

“As a Bank, we strive to continually introduce new platforms that will assist our customers not just financially, but in direct support of their business objectives. This latest partnership is fully aligned with that philosophy.”

City Properties is the first company in the UAE to offer high-privileged e-services in property management to RAKBANK and its clients.

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