Dubai Bank and EIB unify top management team
Business
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Apr 112012
Dubai: Emirates Islamic Bank (EIB) and Dubai Bank, two Islamic banking subsidiaries of Emirates NBD, announced yesterday that they have finalised the appointment of the unified top management team and the establishment of a unified executive committee that will Read more [...]
Apr 092012
By Mirna Sleiman
DUBAI, April 9 |
Mon Apr 9, 2012 8:58am EDT
DUBAI, April 9 (Reuters) - Emirates NBD, Dubai's
largest lender, is seeking approval from three government bodies
to merge its two Islamic banking units, sources told Reuters on
Monday.
The bank is aiming to combine its Emirates Islamic Bank arm
with Dubai Bank, the debt-laden lender acquired in October Read more [...]
UAE c.bank sets loan limits for state-linked firms
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Apr 052012
Thu Apr 5, 2012 11:06am EDT
By Martin Dokoupil and David FrenchDUBAI, April 5 (Reuters) - The United Arab Emirates' central
bank expanded its large exposure limit rules for commercial
banks, introducing new caps for loans made to local governments
and their entities in the first such Read more [...]
Feb 202012
By Stanley Carvalho
DUBAI |
Mon Feb 20, 2012 1:06am EST
DUBAI Feb 20 (Reuters) - Emirates NBD
(ENBD), Dubai's largest bank by market value, has opted to delay
a potential Swiss franc-denominated bond sale until more
favourable market conditions, two sources familiar with the
matter said.
The lender had appointed Credit Suisse and BNP
Paribas to Read more [...]
Emirates NBD plans five-year sukuk issue
Business
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Nov 282011
Dubai: Emirates NBD, the UAE's largest bank by assets, is considering a five-year Islamic bond (sukuk) issue, chief executive Rick Pudner said yesterday.
"We are looking at opportunities, but timing is very important. At the moment the market looks crowded with a number of issues launched in recent weeks," Pudner said.
Pudner confirmed that the bank is actively considering the possibility of a sukuk issue. "We, like everybody else, are looking Read more [...]
Nov 282011
Emirates NBD said the card is the first of its kind in the Middle East and is the result of technical integration and careful planning.
“Emirates NBD is delighted to be partnering with RTA, which runs one of the best public transportation systems in the region,” said Rick Pudner, Chief Executive Officer, Emirates NBD.
“At Emirates NBD, retail banking has always been a key focus area, and with one of the largest multi-channel retail distribution network and customer base, we believe there is Read more [...]
Dubai Bank and EIB to integrate operations
Business
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Nov 222011
Dubai: An operational merger of Dubai Bank and Emirates Islamic Bank (EIB), two Islamic banking entities owned by Emirates NBD, is being worked out and the details are to be finalised soon, according to sources close to the discussions.
"A full integration of the operations of these two Islamic banking entities is being considered. While the retail banking business of Dubai Bank is likely to be merged with the EIB's retail business, the corporate Read more [...]