Emirates NBD

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Recent Articles

• More banks curb lending to low wage earners17 November 2008

  Banks across UAE hike minimum monthly salary needed to qualify for personal loan.

• Bank stops lending to expat staff of real estate firms13 November 2008

  Internal memo at Emirates NBD suspends credit facility to expat property workers.

• UAE bank launches football investment fund6 November 2008

  Emirates NBD announces new initiative to invest in players around the world.

• Emirates NBD seeks expansion overseas5 November 2008

  Saudi Arabia, India and China among the main targets for growth, says bank's chief financial officer.

• Liquidity crunch prompts outlook cut for Gulf banks30 October 2008

  Region's largest, Emirates NBD, among those in Standard and Poor's report.

• Emirates NBD launches consumer finance firm27 October 2008

  Emirates Money to offer loans to individuals and small and medium sized businesses.

• Emirates NBD posts Q3 profit rise of 13%22 October 2008

  UPDATE 1: Company announces net profit of $277.4mn, slower growth likely in Q4 due to global crisis.

• Emirates NBD predicted to report 50% profit rise19 October 2008

  Analysts also say Q3 net income will advance to $266mn on back of bank selling more loans.

• Gulf exchanges fall after two-day recovery15 October 2008

  UPDATE 4: After record gains, region's bourses are brought back down to earth with losses.

• Largest Gulf lender to offer fewer loans8 October 2008

  Emirates NBD says move is designed to encourage more sensible lending during credit crunch.

• UAE markets continue upward trend22 September 2008

  Emaar Properties, Emirates NDB lead gains as bourses follow up Sunday's positives.

• Lehman exposure limited - UAE banks16 September 2008

  Three of Gulf state's largest lenders say they have limited or no exposure to financial turmoil.

• UAE banks target foreign transactions in ATM fraud case15 September 2008

  National Bank of Abu Dhabi to issue new cards to all customers by Oct. 1.

• Negative day for Gulf exchanges2 September 2008

  Falling oil prices plays part in disappointing day for the region's share traders.

• Oman bourse biggest loser on eve of holy month31 August 2008

  Oman ends day two percent down as foreign institutions dominate trading.

• Dubai's Union Properties seeks $1bn for projects 12 August 2008

  Emirates NBD affiliate open to either conventional or Islamic financing, says CFO.

• Emirates NBD profit climbs 45%22 July 2008

  UPDATE 1: Largest Gulf bank by assets sees Q2 income surge to $400mn on strong lending, fee income.

• Emirates NBD integrates ATM network16 July 2008

  Emirates NBD has started integration of its 474-strong ATM network as part of its merger process

• Emirates NBD eyes Saudi Hollandi stake26 May 2008

  Gulf's biggest lender interested in Royal Bank of Scotland stake in Saudi lender, worth around $1.72bn.

• Emirates NBD eyes $2bn foreign currency bonds14 May 2008

  Dubai lender to use fund to finance regional and international expansion plans.

• UAE consumer loans climb 47%4 May 2008

  Lending touches $13.18bn in three months to March 31 as Gulf state mirrors US rates cuts.

• Emirates NBD sees earnings climb 36.8%30 April 2008

  Surge in corporate and retail lending helps push lender's Q1 profit up to $351.3mn.

• Dubai to borrow $4bn for infastructure development7 April 2008

  Dubai set to begin roadshows for first tranche of medium-term note programme.

• Gulf states must ditch dollar peg - Emirates NBD24 March 2008

  Chairman of the Gulf's biggest bank urges central banks to act to tackle record inflation.

• ADCB slashes lending rates20 February 2008

  Abu Dhabi Commercial Bank reduces rates in move that may spur property prices and inflation.