Emirates NBD

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Recent Articles

• Emirates NBD has $350m Saudi exposure - chief22 November 2009

  Gulf's biggest lender says its Q4 results will not be effected by exposure.

• Emirates NBD launches bank’s new brand identity21 November 2009

  Bank's branch signage, ATMs, marketing, sales & communication materials see change.

• Emirates NBD posts 3% rise in Q3 profit26 October 2009

  UAE's largest bank by assets says Q3 net profit reached $285.9m despite rise in credit impairments.

• Shoppers set to pay by mobile phone in new deal22 October 2009

  Etisalat, Emirates NBD join Visa in partnership to revolutionise shop payments.

• Emirates NBD seeks expansion into Saudi Arabia20 October 2009

  UAE banking major plans to open additional branches in kingdom - CFO.

• EFG-Hermes sees value in Middle East banks7 October 2009

  UAE banking sector has seen sharp asset price deflation, but is in better shape than feared. 

• Emirates NBD plans up to $2bn capital raising - report31 August 2009

  Lender seeking to take advantage of new law guaranteeing bonds issued by local banks.

• Kuwait blue chips rally, but Gulf markets muted25 August 2009

  Banks feature as Zain sale hopes boost liquidity prospects in sector.

• Emirates NBD quarterly profit down 41%27 July 2009

  UAE's largest bank blames a fourfold increase in provisions for profit drop.

• Emirates NBD stock rallies after loan announcement1 July 2009

  UPDATE 7: Dubai-based lender's shares climb 2.6%, Dubai, Kuwait, Saudi close up.

• Gulf's largest bank raises $1.09bn30 June 2009

  Emirates NBD in capital raising move in effort to meet minimum requirements of UAE central bank.

• Banking giant expects to see pressure on earnings22 June 2009

  Emirates NBD's CFO says non-performing loans will have 'some impact' in 2009.

• Dubai index closes at new 2009 high on back of Emaar3 June 2009

  UPDATE 8: Abu Dhabi makes largest one day gain in 10 weeks, closes 28-week high.

• More bank mergers, acquisitions forecast for GCC - analysts1 June 2009

  AT Kearney predicts post-crisis climate will see mergers within regional banking sector.

• Emirates NBD sees profits rise 5% in Q1 200929 April 2009

  Dubai-based bank posts 20% increase in y-o-y total income, plus rise in loans, deposits.

• UAE bank profits forecast to plummet by 50% Q10926 April 2009

  HC Brokerage predicts 52.8% year-on-year profit decline for 8 largest banks.

• UAE banks to see growth in assets, deposits, Q1 200919 April 2009

  More money being deposited into banks, helping to resolve high loan to deposit ratios. 

• UAE banks tipped to post profit growth in 2009 - bank chief 19 April 2009

  Chairman of Emirates NBD tells the media that lending is continuing and even growing.

• Emirates NBD in $1bn bond swap9 April 2009

  Bank to exchange medium term bonds for shorter term bonds to boost its regulatory capital ratio.

• Al Ghurair Group seals loan facility8 April 2009

  Syndicated loan facility to be used to fund further expansion of Dubai’s mixed use Al Ghurair City.

• DEWA confirms refinancing of $2.2bn loan8 April 2009

  Total of 18 international, regional and local banks are involved in the refinancing deal.

• Emirates NBD open to cash support from gov't25 March 2009

  Chairman says bank could accept help to raise capital ratios to meet cenbank rules.

• Dubai Islamic Bank considering raising fresh capital24 March 2009

  Bank also examining converting emergency government deposits into regulatory capital.

• UAE bank lending seen picking up in Q3 - Emirates NBD17 March 2009

  Bank's head sees hope as GCC states roll out measures to defrost credit markets.

• Emirates NBD eyes $1.7bn capital boost5 March 2009

  UAE bank seeks to raise $1.72bn to bolster capital base by converting emergency federal deposits.