Emirates NBD's Private Banking signs distribution agreement with AON for Kanzi product

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United Arab Emirates, Dubai- 12^th June 2008: Emirates NBDEmirates NBD's Private Banking recently signed a distribution agreement with AONAON to distribute the Kanzi service through its vast network. The agreement comes following the bank's recent launch of the unique Kanzi Solutions at a press conference, last week. The agreement was sealed at a signing ceremony between Mr. Jamal Bin Ghalaita, Emirates NBDEmirates NBD General Manager- Consumer Banking and Wealth Management and Mr. Massoud Shaheem, CEO of Aon Middle EastAon Middle East.

Kanzi Solutions provide a new dawn in company employee relations by offering provident schemes, employee share option plans and deferred compensation schemes, designed to give regional companies a competitive advantage when hiring and retaining good talent.

Commenting on Emirates NBDEmirates NBD's signing agreement with AON Middle EastAON Middle East, Mr. Jamal Bin Ghalaita said, "We are confident that our agreement with AON Middle EastAON Middle East will help us in reaching an extensive network of institutional clients who would find the ENBDENBD Kanzi offering very attractive. Emirates NBDEmirates NBD are committed to enhancing employee benefits in the region and we feel that Aon are the ideal partner and distribution channel, given their experience, knowledge, network and commitment to the region over the past 25 years"

"The GCC is integrating into the global economy at an astounding rate leading to competition in entirely new arenas. Attracting and retaining staff is becoming key to a companies success.

"We realised that many of our corporate clients were having major difficulties attracting talent and retaining talent," says Julie Azharian, Director - Private Banking. "When we dug a bit deeper, we discovered that this was purely because there was not enough to attract them. People were asking about pensions, retirement, ESOPs, deferred payment and bonus schemes - but governments and companies in this region do not offer them necessarily to all employees. We have created Kanzi out of demand to fill this void and help employers acquire, retain and manage their talent, whilst maintaining control over the process for mutual benefit."

Emirates NBDEmirates NBD

Kanzi, although a new service for Emirates NBDEmirates NBD, has been structured with the appointment of internationally experienced specialist alliance partners, who offer extensive knowledge and experience in this field.

This ultimately enables Emirates NBDEmirates NBD to provide international expertise with true local understanding.

Private Banking at Emirates NBDEmirates NBD offers customers a specialized, tailored facility to professionally manage, grow, safeguard and diversify the future of family wealth, in the context of continuous change and evolution.

About Emirates NBD
Emirates NBDEmirates NBD (DFM: ENBDENBD) is a Dubai-based banking group resulting from the merger of Emirates Bank Group and National Bank of Dubai Group. It is the biggest banking group in the GCC by assets and the biggest banking group in the UAE by market capitalization. The Group has a leading retail banking franchise in the UAE, with over 100 branches and over 430 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.

About National Bank of Dubai
Founded in 1963, National Bank of Dubai is the oldest, locally incorporated bank in the Southern Gulf. Known as the bank with a performance that is second-to-none, NBD has built a reputation of stability and strength much appreciated by shareholders and customers alike. Recognizing this leading performance, NBD has been awarded with the Dubai Quality Award for the year 2005.

Offering diversified financial services, NBD is a leader in corporate banking. Its portfolio covers a wide range of services including transport, real estate, construction, manufacturing, tourism and service industries throughout the region. Along with supplying customers with a variety of exclusive service based products, secured facilities, Credit Cards, personal loans, , auto loans and home loans, National Bank of Dubai also offers a variety of treasury products and services, advising customers on exchange markets and interest rate outlook. NBD, also launched Suhail Priority Banking Services, a premier banking service offering customers personalized relationship management and a host of exclusive products and services. Furthermore, NBD offers customers automated banking services, which consist of an internet service (NBD Online), a telebanking facility (NBD Telebank), an SMS based service (NBD Mobile) and an online brokerage trading in UAE shares through its subsidiary, NBD Securities.

Private Banking provides private banking services, offering highly tailored solutions to preserve and protect the personal wealth of its customers.

NBD also recently established NBD Investment Bank which is its' investment arm operating from DIFC. With a comprehensive card portfolio that provides an array of benefits, NBD has, over the years, built a wide ATM network as well as Point of Sale terminals in select locations throughout the UAE.

National Bank of Dubai currently has an extensive branch network that includes 39 branches throughout the UAE. In addition, NBD also has a branch in London and Qatar as well as a representative office in Tehran.

About Emirates Bank
Emirates Bank offers a full range of retail banking products and services under the 'me' brand name. These include: Current & Savings Accounts, Tiered Saving Accounts, Term Deposits, Personal Loans, Car Loans, Credit Cards, Insurance Products, banking products for Indian and Lebanese Expatriates, as well as well as Credit Card Loyalty Programme. In addition, Emirates Bank offers its customers priority banking services through Al Shaheen.

Emirates Bank offers its customers the convenience of banking across a range of channels (on-line, phone banking) and through visiting one of the wide network of branches across the UAE. Emirates Bank has been awarded the coveted status of a 'Superbrand' for the past four consecutive years. For more information on Emirates Bank, kindly visit: www.emiratesbank.ae.

Aon Middle EastAon Middle East L.L.C.
As part of the Aon Corporation, who are a leading provider of Risk Management Services, Insurance and Re-insurance Brokerage and Human Capital Consulting . There are 43,000 employees working in Aon's 500 offices in more than 120 countries. We have been in the Middle East in general and in the UAE in particular for more than 25 years. Our UAE offices serve as the Groups Regional Retail / Administration Headquarters for the region with a combination of office and service networks in the UAE and throughout the greater Middle East. Aon has built its operation and reputation as a provider of tailor made insurance, risk management and human consulting solutions thus helping our clients to grow their business's and also protect their assets.

For more press information please contact:
Zeina El Haj
Head of Marketing, Communication & Events
For Consumer Banking & Wealth Management
Emirates NBD
Tel: 04 209 2669
Fax: 04 2329147
Email: ZeinaH@emiratesbank.ae

Shimaa Elsayed
Senior Account Manager- PR
Tamra-C2
T: 04 295 1177
F:04 295 1188
Email: shimaa@tamra-c2.com

© Press Release 2008