Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets.
History and profile
Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by then Dubai's ruler Sheikh
Rashid bin Saeed Al Maktoum
Sheikh Rashid bin Saeed Al Maktoum ( ar, ٱلـشَّـيْـخ رَاشِـد بِـن سَـعِـيْـد آل مَـكْـتُـوْم, Ash-Shaykh Rāshid bin Sa`īd Āl Maktūm; 11 June 1912 – 7 October 1990) was the vice president ...
, forming the first national bank established in Dubai. NBD merged with Emirates Bank International (EBI) on 6 March 2007, to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM).
On 1 December 2012
Dubai Bank
Dubai Bank was an Islamic bank based in Dubai, UAE. The bank was launched in September 2002 and transformed into Shari’a-compliant financial institution with on 1 January 2007. Dubai Bank was part of the Dubai Group, a Dubai Holdings company ...
was acquired by Emirates NDB.
As of 31 December 2020, total assets were AED 698 billion, deposits of AED 464 billion, the total income of AED 23.21 billion, and a net profit of AED 7 billion.
The Group has operations in the UAE, Egypt, India, Saudi Arabia, Singapore, the United Kingdom, and representative offices in China and Indonesia.
On October 7, 2022, Emirates NBD Bank PJSC sold 86,316,964 ordinary shares of
BankIslami Pakistan Limited to
JS Bank Limited.
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, has announced its plans for further expansion in India, following approval from the Reserve Bank of India (RBI) to open two additional branches in Gurugram and Chennai to cater to both the northern and southern markets of India.
Emirates NBD Group companies
* Emirates NBD Bank PJSC
* Emirates Islamic PJSC
* Emirates NBD Asset Management
* Emirates NBD Securities
* Network International LLC (49% sold to AbrCapital in 2010), 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
* Liv. (Digital banking)
Associate companies
* ENBD REIT
See also
*
Islamic banking
*
Noor Bank
Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai - United Arab Emirates.
In 2018, the bank was ranked the 11th largest bank in the UAE in terms of asset size.
Noor Bank is a full-service Shari’a-compliant bank, ...
*
List of banks in the United Arab Emirates
References
External links
*
Emirates Islamic
{{DEFAULTSORT:Emirates Nbd
Banks established in 1963
Companies listed on the Dubai Financial Market
Banks of the United Arab Emirates
Emirati companies established in 1963
Emirati companies established in 2007
Banks established in 2007