Emirates NBD

National Bank of Dubai and Emirates Bank has ceased to exist under their names yet united and formed Emirates NBD, which is one of the main banks of Dubai and the whole United Arab Emirates. The rebranding process of the two banks into one has ended in 2010 so this way Emirates NBD is a new entity. The account and shareholders who were previously in one of the banks have automatically become the share and accountholders of Emirated NBD under the same conditions with a so-called share-swap deal.

The Emirates NBD has relations with the huge Al Tayer Group, which is among the biggest companies of Dubai. The chairperson of Emirates NBD is therefore Ahmed Humaid Al Tayer. The Emirates NBD operates additional international branches in the following countries: India, Iran, Jersey (or Channel) Islands, Qatar, Saudi Arabia, Singapore and in the United Kingdom. The total asset of Emirated NBD is huge with AED 282-billion. The bank has a 20% market share in the UAE, which is quite a good position for this relatively new bank. Emirates NBD operates altogether about 132 branches with 660 ATMs all around the world and rebranding of further branches and ATMs are under execution still today.

You can find the branches of Emirates NBD in Dubai at the Dubai International Airport in all the big shopping malls of Dubai where they keep open for longer yet their services can be limited.

Emirates NBD offers the following services for its clients:

Personal Banking: Includes managing of individual accounts, bank (debit and credit) cards, assurances, personal loans, debt management and personalised financial advising services.
Priority Banking: For the VIP clients with priority wealth management packages and personalised solutions with extras.
Private Banking: has its offshore roots offering diverse investment solutions, trusts and professional advices on investment e.g.: in art objects or anything else. Thanks to its Jersey, branch offshore banking solutions are possible at Emirates NBD Bank.
Business Banking: business services for small and medium sized businesses, packages and smartBUSINESS, which means a first class e-business platform for business banking services.
Corporate Banking: Deals with big corporations, institutions, even for foreign governments and other official bodies. Diverse financial solutions include transaction banking and international corporate banking solutions.
Specialized Services: In this section, we can find Asset management services, global market and treasury services and other security services for investors.

Additionally Emirates NBD always comes up with diverse discounts, extra, seasonal and temporary offers for either potential or present clients. Emirates NBD has a rich sponsoring activity being the official sponsor of Dubai Ladies Masters’ International Golf Championship and holds various cultural events, which include exhibitions, music festivals and many more.

The Dubai and UAE subsidiaries of Emirates NBD bank include the Emirates Islamic Bank, Emirates NBD Securities Investment and Financial Centre, ETFS, Emirates Money Consumer Finance LLC, Emirates NDB Asset Management and the Emirates NBD Capital Ltd. All these subsidiaries are to be found in Dubai, in the headquarters of Emirates NBD.

Emirates NBD is currently the biggest bank group of the Middle East, in terms of assets with the holding of 5 companies, 8 subsidiaries and 3 further associates. Emirates NBD also include the National Bank of Dubai, which as such has stopped its operations under its former name. The offices of all branches can be found in Dubai.

Dubai is virtually the second capital and the main business city of the UAE, so it is natural that even such banks that are based in Abu Dhabi put a higher volume of business in the hands of their Dubai branches.

The history of Emirates NBD goes back to 2007 when the bank first appeared on the Dubai Financial Market (DFM). Emirates NBD was created mainly by the merging of the second and fourth largest banks of the United Arab Emirates, namely the Emirates Bank and the National Bank of Dubai, in order to create a much more successful and powerful banking system together. It’s the Emirates NBD holding the largest base of assets in the whole Middle Eastern region having altogether around 282 billion Emirati Dirham as its main capital base. Apart from the United Arab Emirates, Emirates NBD also operates in Saudi Arabia, Iraq in the Middle East, in India and Singapore in Asia and in the United Kingdom and in the Jersey Islands in Europe.

The Group companies of Emirates NBD are:
– Emirates NBD Securities LLC: This is the first and main brokerage service providing institute for the bank
– ETFS: The ETFS concentrate solely on business banking and offers diverse inland trade finance facilities
– Al-Tomooh
– Diners Club UAE: as the UAE representative of the worldwide financial payment system.
– Emirates NBD Private Bank: designed especially for the high-profile clientele with specific services

The subsidiaries of Emirates NBD are:
– Emirates Islamic Bank: The Islamic Banking section of Emirates NBD for the traditional clients prefers the Islamic Banking methods. The Emirates Islamic Bank offers several investment possibilities for individual and corporate clients all the same.
– Emirates Islamic Financial Brokerage: The west-wing of the Emirates Islamic Bank this unit is solely concentrating on brokerage services in accordance with the Sharia Law.
– Emirates Money: The basic loan and mortgage specialist unit of Emirates NBD offers all sorts of loans for private and company clients all the same.
– Network International LLC: The specialised commercial bank of Emirates NBD offers personalised wealth management and personal banking services.
– Emirates NBD Capital Ltd.: This is the financial services segment of the bank.
– Al-Watani Al Islami: Islamic banking section specific investment planning and loan department
– Emirates NBD Trust Company (Jersey) Limited: This is the offshore unit of the bank.
– Emirates NBD Properties: The property buyer, investor and management unit specifically for the wealthy clients.
– Emirates NBD Asset Management: This section offers high profile clients advisory and investment options regarding asset management. The services are discreet, in connection with {Dubai offshore} businesses as well.

The associate companies of Emirates NBD are:
– National General Insurance: the main insurance company of Emirates NBD Bank
– Emirates NBD Sana Capital Limited
– Union Properties: for buyers and investors

As you see Emirates NBD is huge and there is no financial sector where it does not offer services at all. You can find the branches and different united Emirates NBD in several shopping malls and on the Bank Street of Dubai, which is the street for every banks.

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