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Consultation mission discusses recent economic and financial developments in the country.

Emirates NBD, the largest banking group in the Middle East in terms of assets received a high profile delegation from the International Monetary Fund (IMF) which is visiting the UAE on a Consultation mission with the UAE.

The delegation discussed the recent developments in the banking sector and its performance and the recent financial, real estate and stock markets developments, demand of credit, sources and uses of funds in the country and the region.

The delegation was received by Mr. Rick Pudner, Chief Executive Officer of Emirates NBD along with members of the Group’s Senior Executive Committee who welcomed the delegation and shared their information in relation to the recent financial challenges.

The meeting took place at the Emirates NBD headquarters in Dubai.

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About Emirates NBD

Emirates NBD (DFM: ENBD) is the biggest banking group in the Middle East by assets and the biggest banking group in the UAE by market capitalization. At 30th September 2008 total assets were AED 285.3 billion.

The Group has a leading retail banking franchise in the UAE, with over 115 branches and over 509 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations.

The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.

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