Emirates NBD

Emirates NBD

Industry	Banking Financial services Insurance
Founded	16 October 2007
Founder	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	www.emiratesnbd.com

Logo after merger of Emirates Bank and National Bank of Dubai

Emirates NBD is the largest banking group in the Middle East in terms of assets.^[1]

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.^[2] 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.^[3]

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) ^[4]
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'^[5]

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.^[6]