Emirates NBD

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Recent Articles

• Bank committed to bridging loan-deposit gap26 February 2009

  NBD Emirates has 3-6 months to lower loan:deposit ratio that now exceeds 125% - paper.

• Financial crisis dents confidence in Gulf banks - poll25 February 2009

  One third say they are not tempted to save by increased interest rates - online survey.

• Bank giant's debt 'will be funded with ease'24 February 2009

  Emirates NBD also says it is 'comfortable' with bank's level of real estate exposure.

• UAE banks offer higher interest for short-term deposits21 February 2009

  Move will cut loan to deposit ratios that jumped inline with loose lending policies. 

• Emirates NBD 2008 profits down 7%12 February 2009

  UPDATE 1: Full-year profits of UAE's biggest bank slide to $1 billion due to writedowns on investments.

• UAE mortgage salary hikes 'dangerous' - poll24 January 2009

  40% fear the doubling of salary limits for expat mortgages will impact further on downturn.

• Premier League bans Emirates NBD fund23 January 2009

  League tells all 20 clubs to steer clear of investment fund operated by Dubai bank.

• Bad debts, loan curbs to hit UAE bank profits in '0915 December 2008

  Income from trading, corporate finance, asset management will also fall - EFG Hermes.

• Investment fund says it will play to Premier League rules12 December 2008

  But confusion surrounds role of $100mn Dubai-based football initiative in England.

• Football fund 'will be banned by Premier League'10 December 2008

  Dubai-based bank's initiative to invest in young talent faces obstacle in England.

• Legends urge clubs to focus on kids 8 December 2008

  Tennis champions former world number one Jim Courier and former world number six Mansour Bahrami, both recently in Dubai for the Emirates NBD The Legends Rock Dubai tournament, have emphasised the need to focus on coaching children in order for the region to produce future tennis stars.

• 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.