Jump to content

Emirates NBD

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Jim1138 (talk | contribs) at 10:57, 10 October 2016 (Reverted edits by Jay36428 (talk) to last version by Mustafa4101996). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Emirates NBD
IndustryBanking
Financial services
Insurance
Founded16 October 2007
HeadquartersNational Bank of Dubai building in Dubai, United Arab Emirates
Key people
Shayne Nelson
ProductsInvestment Banking
Commercial Banking
Retail Banking
Private Banking
Mortgage
Credit Cards
Total assets$98.8 billion (2015) [1]
Websitewww.emiratesnbd.com
File:EmiratesNBDLogo.png
Logo after merger of Emirates Bank and National Bank of Dubai

Emirates NBD is one of the largest banking groups in the Middle East in terms of assets.

History and profile

Emirates NBD was formed on 16 October 2007 when the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The Emirates NBD 2007 merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD), became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the United Arab Emirates (UAE).

It is a market leader across core business lines and the leading retail banking franchise, with more than 220 branches and over 900 ATMs and Cash Deposit Machines (CDMs) spread across the country and overseas. The Group is also a major player in the corporate banking arena. With fast-growing Islamic banking affiliated entities, strong investment and private banking services and a leadership in the field of asset management products and brokerage services, Emirates NBD is well positioned to grow and deliver outstanding value to its shareholders, customers and employees.

As of 30 June 2015, total assets were AED 388.1 billion. The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, and representative offices in India, China and Indonesia.

Currently, more than 9,000 people, representing 70 nationalities, are employed by Emirates NBD, making it one of the largest employers in the UAE.

Emirates NBD Group Companies

NBD logo
  • Emirates NBD Bank PJSC
  • Emirates Islamic PJSC
  • Emirates NBD Asset Management
  • Emirates NBD Securities
  • Diners Club UAE
  • Network International LLC
  • ETFS LLC
  • Emirates Money Consumer Finance LLC
  • Emirates NBD Properties LLC
  • Emirates NBD Capital Ltd (DIFC)
  • Emirates NBD Trust Company Ltd (Jersey)
  • Emirates NBD Capital LLC (KSA)
  • Union Properties PJSC
  • National General Insurance Co. (PSC)

Subsidiary Companies

  • Emirates Islamic
  • Emirates Islamic Financial Brokerage
  • Emirates Money
  • Network International (49% Sold to Abraaj Capital in 2010) [2]
  • Emirates NBD Capital Limited
  • Al-Watani Al Islami
  • Emirates NBD Trust Company (Jersey) Limited
  • Emirates NBD Properties
  • Tanfeeth

Associate Companies

  • National General Insurance Co (P.S.C)
  • Emirates NBD Sana Capital Limited
  • Union Properties

References

  1. ^ [NAME] (1 January 1970). "The World's Biggest Public Companies List". Forbes. Retrieved 22 April 2016.
  2. ^ Arif Sharif (22 December 2010). "Abraaj to Buy $545 Million Emirates NBD Unit Stake". Bloomberg. Retrieved 22 April 2016.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Emirates_NBD&oldid=743606313"