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Emirates NBD

From Wikipedia, the free encyclopedia
Middle Eastern banking group

Emirates NBD Bank PJSC
Company typePublic
ISINAEE000801010
IndustryBanking
Financial services
Insurance
Founded19 June 1963; 62 years ago (1963-06-19)
HeadquartersDeira, Dubai, United Arab Emirates
Key people
Ahmed bin Saeed Al Maktoum
(Chairman)
Products
Revenue
  • IncreaseAED 32.51 billion (US$8.86 billion) (2022)
  • AED 23.82 billion (US$6.49 billion) (2021)
[1]
Total assets
  • IncreaseAED 741.96 billion (US$202.17 billion) (2022)
  • AED 687.44 billion (US$187.31 billion) (2021)
[1]
Number of employees
Increase 14,000 (2020)[2]
ParentInvestment Corporation of Dubai
Websitewww.emiratesnbd.com

Emirates NBD Bank PJSC isDubai's government-owned bank and is one of the largest banking groups in theMiddle East in terms of assets.

History and profile

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Emirates NBD headquarters in Deira, Dubai.

Emirates NBD was initially formed as the National Bank of Dubai (NBD) on 19 June 1963 by thenDubai's ruler SheikhRashid bin Saeed Al Maktoum, 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 theDubai Financial Market (DFM).[citation needed]

On 1 December 2012Dubai Bank was acquired by Emirates NBD.[3][4][5]

Emirates NBD is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As of 30 June 2025, total assets were AED 1.086 trillion, (equivalent to approx. USD 295.7 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 826 branches and 4,555 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE, with a Brand value of USD 4.54 billion.[citation needed]

Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region.[citation needed]

Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE’s Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.[citation needed]

The Group employs more than 30,000 people, representing more than 90 nationalities, making it one of the largest and most culturally diversified employers in the UAE.[citation needed]

On October 7, 2022, Emirates NBD Bank PJSC sold 86,316,964 ordinary shares ofBankIslami Pakistan Limited toJS Bank Limited.[6]

Emirates NBD has announced its plans for further expansion in India, following approval from theReserve Bank of India (RBI) to open two additional branches inGurugram andChennai to cater to the northern and southern markets of India.[7]

It has been widely reported that the bank is in the race withSumitomo Mitsui Banking Corporation to acquire a majority stake inYes Bank.[8][9][10][11][12][13]

See also

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References

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  1. ^ab"Interactive Analysis".tools.eurolandir.com. Retrieved11 February 2023.
  2. ^"Emirates NBD Announces Full Year 2020 Results".mediaoffice.ae.
  3. ^"Dubai Bank PJSC: Private Company Information – Businessweek". Bloomberg L.P. 30 November 2012. Retrieved22 April 2016.
  4. ^Hunter, Gregor Stuart (11 October 2011)."Emirates NBD to takeover Dubai Bank".The National. Retrieved17 November 2022.
  5. ^"Dubai's Emirates NBD seals biggest acquisition with the purchase of Turkish lender Denizbank".Arab News. Retrieved17 November 2022.
  6. ^Report, Recorder (7 October 2022)."JS Bank allowed to acquire 86.32m ordinary shares".Brecorder. Retrieved20 November 2022.
  7. ^"Emirates NBD mulls plans for expansion in India".www.connectedtoindia.com.
  8. ^"SBI aims to sell its YES Bank stake worth $2.2 billion by March-end".www.business-standard.com. Archived fromthe original on 24 August 2025. Retrieved17 November 2025.
  9. ^"SBI plans to divest $2.2bn worth of shares in Yes Bank by end-March 2025". 14 August 2024.
  10. ^"SBI to sell its stake in Yes Bank worth Rs 18,420 cr by end of FY25: Report". 13 August 2024.
  11. ^"Race for Yes Bank: Bids likely by month-end, Emirates NBD may also join the fray".Moneycontrol. Archived fromthe original on 26 August 2025. Retrieved17 November 2025.
  12. ^"SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report".Hindustan Times. 13 August 2024. Retrieved17 November 2025.
  13. ^Barman, Arijit (8 August 2024)."Mizuho plans to say no to Yes Bank deal; it's SMBC vs Emirates NDB".The Economic Times.

External links

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