Dubai: Emirates NBD, a leading banking group in the region, today announced that it has been awarded the prestigious ‘Bank of the Year – UAE 2019’ award by Financial Times’ monthly publication, The Banker, in recognition of its robust financial performance and pioneering approach to innovation in digital banking.
In awarding the top UAE title to Emirates NBD, The Banker stated that “the judges were particularly impressed by Emirates NBD’s embracing of open banking, and the accompanying changes made to its business model and underlying IT architecture.”
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD said: “We are honoured to be named ‘Bank of the Year – UAE 2019’ for the fourth time by an institution as reputed as The Banker. This recognition is testament to the tireless efforts of our employees in ensuring that Emirates NBD continues to lead the way for the region’s banking sector in customer experience, digital innovation, and corporate and social responsibility. As we prepare for Expo 2020 Dubai next year, we will continue to strengthen our proposition to be the bank of choice for customers, employees and shareholders.”
Emirates NBD delivered a healthy set of results for the first nine months of 2019, with net profit up 63% year-on-year to AED 12.5 billion. The bank marked many milestones over the course of the year, including successfully completing the acquisition of Turkey-based DenizBank in the third quarter of 2019. The acquisition represents a significant turning point in Emirates NBD’s growth story, expanding its presence to 13 countries and establishing the bank as a leading player in the MENAT region with over 14 million customers. Another major highlight was the creation of E20., a digital business bank for SMEs and entrepreneurs. The launch of E20. comes two years after Emirates NBD introduced Liv., its highly successful digital lifestyle bank that has already secured 300,000 customers and counting.
The recognition from The Banker follows a series of accolades received by Emirates NBD in recent months. The bank has been ranked among the top 20 in the Forbes’ third annual list of the World’s Best Regarded Companies. It was also awarded ‘Best Digital Bank in the Middle East’, ‘Best Bank in the UAE’ and ‘Best Investment Bank in the UAE’ by Euromoney Awards for Excellence 2019. In addition, Emirates NBD was named the UAE’s most valuable banking brand, with a value of USD 4.04 billion, in The Banker’s annual brand valuation league table. The bank was also honoured for its pioneering efforts in corporate social responsibility and employee volunteering by IMPACT2030, the corporate volunteering arm of the United Nations.
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About Emirates NBD
Emirates NBD (DFM: Emirates NBD) is a leading Bank in the MENAT region. As at 30th September 2019, total assets were AED 675.6 Billion, (equivalent to approx. USD 184 Billion). The acquisition of DenizBank represents a significant milestone for Emirates NBD with the Group expanding its presence to 13 countries, servicing over 14 million customers. The Bank is ranked among the top 20 in the Forbes’ list of the World’s Best Regarded Companies, securing a leading spot among global brands.
The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry with 94% of all financial transactions and requests conducted outside of its branches. The Bank announced the creation of E20., a digital business bank for entrepreneurs and SMEs while Liv., the lifestyle digital bank for millennials continued to be the fastest growing retail proposition in the UAE. Emirates NBD was named ‘Best Digital Bank in the Middle East’ at the Euromoney Awards for Excellence in 2019, affirming the Bank’s status as a digital banking leader among its regional peers.
The Group has operations in the UAE, Egypt, India, Turkey, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 980 branches and 3964 ATMs / SDMs. The Bank has a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand for 2019. Emirates NBD is a major player in the UAE corporate segment and has strong Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform. The Bank is recognised for the pioneering efforts in employee volunteering and corporate social responsibility by IMPACT2030, the corporate volunteering arm of the United Nations. Emirates NBD Group is a Premier Partner and the Official Banking Partner for Expo 2020 Dubai.
For more information, please visit: www.emiratesnbd.com
For further information on Emirates NBD, please contact:
Ibrahim Sowaidan
Senior Vice President
Head - Group Corporate Affairs
Emirates NBD
Telephone: +971 4 609 4113 / +971 50 6538937
e-mail: ibrahims@emiratesnbd.com
Tricia Kaul
asda’a bcw; Dubai, UAE
Tel: 971-4-4507600; Fax: 971-4-4358040
Email: Tricia.Kaul@bcw-global.com
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