Emirates NBD

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Emirates NBD
Public Shareholding Company
Traded asEMIRATES NBD (Dubai Financial Market)
IndustryBanking
Financial services
Insurance
Founded19 June 1963
HeadquartersEmirates NBD (Head Office building) Baniyas Road Deira in Dubai, United Arab Emirates
Key people
H.H. Ahmed bin Saeed Al Maktoum (Chairman)
ProductsInvestment banking
Commercial banking
Retail banking
Private banking
Mortgages
Credit cards
RevenueIncrease US$ 4.73 billion (2018)
Increase US$ 2.72 billion (2018)[1]
Total assetsIncrease US$136.00  billion (2018)
Number of employees
Increase 10000 (2018)
Websitewww.emiratesnbd.com

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

History and profile[edit]

Emirates NBD was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first national bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE.

As of 31 December 2018, total assets were AED 500.3 billion. The Group has operations in the UAE, Egypt, India, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, and representative offices in 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.

On 8 November 2017, it opened operations in Mumbai, India. The Mumbai branch marks Emirates NBD's fifth international branch outside of its UAE network.

Emirates NBD Group companies[edit]

  • Emirates NBD Bank PJSC
  • Emirates Islamic PJSC
  • Emirates NBD Asset Management
  • Emirates NBD Securities
  • Network International LLC (49% sold to AbrCapital in 2010) [2], credit and debit Card Issuing & Processing company.
  • ETFS LLC
  • Emirates NBD Capital Ltd (DIFC)
  • Emirates NBD Trust Company Ltd (Jersey)
  • Emirates NBD Capital LLC (KSA)
  • Tanfeeth

Associate companies[edit]

  • ENBD REIT

See also[edit]

References[edit]

  1. ^ "The World's Biggest Public Companies List". Forbes. 1970-01-01. Retrieved 2016-04-22.
  2. ^ Arif Sharif (2010-12-22). "Abraaj to Buy $545 Million Emirates NBD Unit Stake". Bloomberg. Retrieved 2016-04-22.

External links[edit]