Sun 26 Sep 2010 07:52 AM
Rick Pudner
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Rick Pudner

Industry: Banking & Finance

Designation: UAE behemoth Emirates NBD announced a net profit of $411m for the first half of the year, down 29 percent on H1 2009 but healthy enough for CEO Rick Pudner to count on each one of his 6,922 employees for a handsome $59,375 return.

Country: United Arab Emirates

Occupation: UAE behemoth Emirates NBD announced a net profit of $411m for the first half of the year, down 29 percent on H1 2009 but healthy enough for CEO Rick Pudner to count on each one of his 6,922 employees for a handsome $59,375 return.

$59,375

Emirates NBD

UAE

UAE behemoth Emirates NBD announced a net profit of $411m for the first half of the year, down 29 percent on H1 2009 but healthy enough for CEO Rick Pudner to count on each one of his 6,922 employees for a handsome $59,375 return. Already the leading retail banking franchise in the UAE, with over 132 branches and over 705 ATMs/cash deposit machines spread across the country, the group is also a major player in the corporate banking arena, and will be looking for signs of growth in H2. Pudner has already said that he believes interest rates charged by banks in the UAE may decline in the second half, as liquidity improves and competition to win deposits eases.