Emirates NBD

Emirates NBD
Société Anonyme
Traded as EMIRATES (Dubai Financial Market)
Industry Banking
Financial services
Insurance
Founded 16 October 2007
Headquarters National Bank of Dubai building in Dubai, United Arab Emirates
Key people
 Ahmed bin Saeed Al Maktoum (Chairman)
Products Investment banking
Commercial banking
Retail banking
Private banking
Mortgages
Credit cards
Revenue Increase US$ 5.53 billion (2016)
Increase US$ 1.81 billion (2016)[1]
Total assets Increase US$121.98  billion (2016)
Number of employees
 Increase 7000 (2016)
Website www.emiratesnbd.com

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).

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.

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

  • Emirates NBD Bank PJSC
  • Emirates Islamic PJSC
  • Emirates NBD Asset Management
  • Emirates NBD Securities
  • Diners Club UAE
  • Network International LLC (49% sold to AbrCapital in 2010) [2], credit and debit Card Issuing & Processing company.
  • 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)
  • Tanfeeth

Associate companies

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

See also

References

  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.
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