Monday 1 September 2014
 
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Emirates NBD

Emirates NBD issues notes in Australian dollar

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

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Emirates NBD profits surge 25pc

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

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Emirates NBD launches in Egypt, opens HO

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

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Emirates NBD appoints new Egypt MD

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

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JP Morgan cuts banking ties with Emirates NBD

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

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ENBD sees 2014 loan growth at 7-8pc

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

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Dubai Group signs $10bn debt restructuring deal

Dubai Group has signed a $10 billion debt restructuring agreement, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis. The inv

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Emirates NBD wins top honours

UAE-based bank Emirates NBD said its case study titled ‘Awesome Travelling Machine’ and its video had won two golds and one silver at the 2013 Midas Awards recently in New York. Shortlisted in three categories at the e

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Emirates NBD opens office in Jakarta

Emirates NBD, a leading bank in the region, has opened its representative office in the Indonesian capital, Jakarta. The office was inaugurated by Shayne Nelson, Group chief executive officer, Emirates NBD in the presence of local

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ENBD mulls Turkey buys amid foreign expansion

Emirates NBD is looking for acquisition targets in Turkey as Dubai's largest lender scouts for opportunities beyond its home market, despite an improving economic environment within the emirate, its top executive said. ENBD, w

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