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Emirates NBD

Emirates NBD
Industry Banking
Financial services
Insurance
Founded 16 October 2007
Founders Ahmed bin Saeed Al Maktoum
Headquarters Dubai, United Arab Emirates
Key people Shayne Nelson
Products Investment Banking
Commercial Banking
Retail Banking
Private Banking
Mortgage
Credit Cards
Website [1]
Logo after merger of Emirates Bank and National Bank of Dubai

Emirates NBD, the largest banking group in the Middle East in terms of assets.

Contents

  • History and profile 1
  • Emirates NBD Group Companies 2
  • Subsidiary Companies 3
  • Associate Companies 4
  • Awards 5
  • References 6
  • External links 7

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 merger brought together the UAE's second and fourth largest banks (Emirates Bank and National Bank of Dubai) by assets and has created a bank with the largest asset base in the Middle East, summing up to more than AED 282 billion as at the end of the year 2008. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.[1] In December 2013, it was reported that Emirates NBD had partnered with London-based Jupiter Asset Management to help manage global investment assets exceeding US$100 million.[2]

Emirates NBD Group Companies

NBD logo
  • Emirates NBD Capital KSA
  • Emirates NBD Securities LLC
  • ETFS
  • Al-Tomooh
  • Diners Club UAE
  • Emirates NBD Private Bank

Subsidiary Companies

  • Emirates Islamic Bank
  • Emirates Islamic Financial Brokerage
  • Emirates Money
  • Network International (49% Sold to Abraaj Capital in 2010) [3]
  • 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

Awards

Emirates NBD has won Private Banker International award 'Outstanding Private Bank in the Middle East'[4]

On 26 September 2013, Emirates NBD Asset Management Limited, the asset management arm of Emirates NBD, announced that it has been named "Best Asset Management Company," at the annual Arab Achievement Awards 2013.[5]

References

  1. ^ http://emiratesnbd.com/assets3/pdf/financialreports/EmiratesNBDAnnRep2008single_secure.pdf
  2. ^ http://www.thenational.ae/business/emirates-nbd/emirates-nbd-in-100m-asset-management-tie-up
  3. ^ http://www.bloomberg.com/news/2010-12-22/abraaj-to-buy-49-of-network-international-for-2-billion-dirhams.html
  4. ^ http://www.vrl-financial-news.com/wealth-management/private-banker-intl/events/pbiws-2011/award-winners.aspx
  5. ^ http://www.ameinfo.com/emirates-nbd-asset-management-named-asset-355614

External links

  • Emirates Islamic Bank
  • Emirates Islamic Bank Facebook App


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