Thursday 24 April 2014
 
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ENBD

ENBD may write back Dubai World exposure

Emirates NBD, Dubai's biggest bank, may this year write back its non-performing loan provisions against exposure to conglomerate Dubai World , an executive of the bank said on Monday. "We have sufficient confidence that w

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ENBD Q4 net profit up 8pc to $183m

Emirates NBD (ENBD), Dubai's largest lender, on Monday said its fourth-quarter net profit rose 8 per cent, missing analysts' forecasts as the amount set aside by the lender to meet loan losses soared. The lender, 55.6-perc

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ENBD sees bad loans at 14-15pc in 2013

Bad loans as a proportion of the bank's total lending book will be 14-15 percent this year, instead of a previous estimate of 15-16 percent, Surya Subramanian, chief financial officer of Emirates NBD, Dubai's largest lender, said.

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ENBD beats forecasts as Q2 profits surge 50pc

Emirates NBD's (ENBD) second-quarter net profit rose 50 percent, beating analysts' forecasts, as Dubai's largest lender benefited from an recovery in the emirate's economy. ENBD, 55.6-percent owned by state fund In

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UAE banks agree $245m loan for 3-tower project

Two banks in the United Arab Emirates have signed a 900 million dirham ($245 million) loan facility to fund construction of a three-tower real estate project adjacent to Dubai's main thoroughfare. Dubai's real estate secto

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ENBD buys out BNP's Egyptian arm

Emirates NBD, Dubai's largest lender, has completed the acquisition of BNP Paribas' Egyptian assets after receiving regulatory approval in the North African country, the bank said in a statement on Tuesday. In December, EN

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Nasdaq Dubai hails listing of ENBD bond

Nasdaq Dubai, the Middle East’s international financial exchange, has welcomed the listing of a $1 billion conventional Tier 1 bond issued by Emirates NBD, one of the region’s leading banking groups.&

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ENBD, Al Rajhi win Visa Leader awards

Emirates NBD and Al Rajhi Banking & Investment Corp were among the 20 financial institutions to receive the Visa Leader Award at the Visa APCEMEA  2013 Security Summit.    The award recognises the b

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ENBD plans bond sale to boost capital

  Emirates NBD (ENBD), Dubai's biggest lender, plans to tap global debt markets for its first capital-boosting bond issue, as Gulf banks take advantage of tight pricing and high investor demand

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ENBD signs up for Africa business forum

  UAE-based Emirates NBD, a leading bank in the region, has signed up as a key sponsor for the 'Africa Global Business Forum (AGBF) 2013,' being organised by Dubai Chamber of Commerce and Industry (DCCI) and Comesa Region

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