Emirates NBD (ENBD), Dubai's largest bank, expects its loan growth to be between 5 and 7 per cent in 2015 and for the coming year to be "very profitable" despite the falling oil price, its chief executive said on Wednesday.
Emirates NBD, Dubai's largest lender, made a net profit of Dh1.56 billion ($424.7 million) in the third quarter (Q3) of the year aided by a fall in provisioning, compared to Dh775 million ($211 million) in the same period last year.
Emirates NBD (ENBD), Dubai's largest lender, has priced a 100 million New Zealand dollar ($77.6 million) five-year bond, in what the lender said was a first in the currency from a Middle Eastern borrower.
The six per cent coup
Emirates NBD (ENBD), Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.
Emirates NBD has issued A$400 million ($371 million) Fixed Rate Notes, maturing in 2019, off Its A$1,500 million Debt Issuance Programme.
The notes are rated Baa1 by Moody’s and A+ by Fitch and pay a fixed rate coupon of 5.7
Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts.
The lender, 55.6-percent owned by state fund Inv
Emirates NBD, a leading bank in the region, inaugurated the Emirates NBD Egypt head office in Cairo, which also launched its brand during the ceremony.
The event was attended by Egypt’s deputy Central Bank Governor Nidal Ass
Emirates NBD has appointed Giel-Jan Van Der Tol as the new managing director for its Egypt operations and a member of the board of directors.
Shayne Nelson, group CEO, Emirates NBD, said: “We are pleased
JP Morgan has cut its correspondent banking relationship with Emirates NBD, Dubai's largest bank, as part of a global review of its business, sources familiar with the matter said.
In a memo to staff last year, the US bank sai
Dubai's top lender Emirates NBD sees loan growth this year in the range of 7-8 percent and the bank has no plans to raise additional capital in 2014, its chief financial officer said on Monday.
"Loan growth is expected to