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Saturday, 21 November 2009 10:35 UAE time

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Emirates NBD

Main Category: Asset Management
First Address : 2923
Second Address : Emirates NBD Building, Baniyas Road
City : Dubai
Country : United Arab Emirates
Phone: 971 4 2256256
Fax: 971 4 2227662
Website: www.emiratesnbd.com


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ALL STORIES LIST


Emirates NBD posts 3% rise in Q3 profit

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

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Shoppers set to pay by mobile phone in new deal

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

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Emirates NBD seeks expansion into Saudi Arabia

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

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EFG-Hermes sees value in Middle East banks

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

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Emirates NBD plans up to $2bn capital raising - report

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

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Kuwait blue chips rally, but Gulf markets muted

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

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Emirates NBD quarterly profit down 41%

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

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Emirates NBD stock rallies after loan announcement

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

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Gulf's largest bank raises $1.09bn

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

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Banking giant expects to see pressure on earnings

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

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Strutting your stuff

A site in Dubai brings in heavy equipment to build an unusual foundation method.

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Dubai index closes at new 2009 high on back of Emaar

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

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More bank mergers, acquisitions forecast for GCC - analysts

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

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Emirates NBD sees profits rise 5% in Q1 2009

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

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UAE bank profits forecast to plummet by 50% Q109

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

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UAE banks to see growth in assets, deposits, Q1 2009

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

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

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

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Emirates NBD in $1bn bond swap

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

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Al Ghurair Group seals loan facility

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

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DEWA confirms refinancing of $2.2bn loan

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

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Emirates NBD open to cash support from gov't

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

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Dubai Islamic Bank considering raising fresh capital

Bank also examining converting emergency government deposits into regulatory capital.

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UAE bank lending seen picking up in Q3 - Emirates NBD

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

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Emirates NBD eyes $1.7bn capital boost

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

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Bank committed to bridging loan-deposit gap

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

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Financial crisis dents confidence in Gulf banks - poll

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

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Bank giant's debt 'will be funded with ease'

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

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UAE banks offer higher interest for short-term deposits

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

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Emirates NBD 2008 profits down 7%

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

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UAE mortgage salary hikes 'dangerous' - poll

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

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Premier League bans Emirates NBD fund

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

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Bad debts, loan curbs to hit UAE bank profits in '09

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

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Investment fund says it will play to Premier League rules

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

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Football fund 'will be banned by Premier League'

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

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Legends urge clubs to focus on kids

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.

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More banks curb lending to low wage earners

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

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Bank stops lending to expat staff of real estate firms

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

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UAE bank launches football investment fund

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

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Emirates NBD seeks expansion overseas

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

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Liquidity crunch prompts outlook cut for Gulf banks

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

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Emirates NBD launches consumer finance firm

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

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Emirates NBD posts Q3 profit rise of 13%

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

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Emirates NBD predicted to report 50% profit rise

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

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Gulf exchanges fall after two-day recovery

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

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Largest Gulf lender to offer fewer loans

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

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UAE markets continue upward trend

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

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Lehman exposure limited - UAE banks

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

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UAE banks target foreign transactions in ATM fraud case

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

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Negative day for Gulf exchanges

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

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Oman bourse biggest loser on eve of holy month

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

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Dubai's Union Properties seeks $1bn for projects

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

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Emirates NBD profit climbs 45%

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

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Emirates NBD integrates ATM network

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

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Emirates NBD eyes Saudi Hollandi stake

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

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Emirates NBD eyes $2bn foreign currency bonds

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

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UAE consumer loans climb 47%

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

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Emirates NBD sees earnings climb 36.8%

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

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Dubai to borrow $4bn for infastructure development

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

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Take it to the bank

Emirates NBD is already the Gulf's biggest bank by assets and is set to expand its sphere of influence.

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Gulf states must ditch dollar peg - Emirates NBD

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

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ADCB slashes lending rates

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

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Emirates NBD sees 'uncertain year' ahead

Dubai lender cautions volatility in global markets will impact on region.

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Emirates NBD eyes $2bn bonds

Gulf's largest lender to grow UAE business and expand in Middle East through acquisitions.

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READER COMMENTS

  1. Somali pirates free UAE-owned cargo ship 02
    21 Nov ' 09 at 07:58
    In the old days pirate ships were blown out of the water as soon as spotted.Now they have to wait until they attack a ship and then...   More  »
  2. UAE announces Eid and National Day holidays 01
    20 Nov ' 09 at 15:56
    Eid and National Day are two great occassions and very close to each other. It would be a great act for the UAE authorities to extend...   More  »
  3. Where have all the optimists gone? 01
    20 Nov ' 09 at 16:54
    Dubai unfortunate is not more in fashion, the bubble was big , the growing went fast and the down turn even faster.Many of my clients...   More  »

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