DUBAI: Emirates NBD delivered a net profit of AED 7.0 billion in 2020 despite a challenging operating environment, a news release said. Total income increased 4% y-o-y as the positive contribution from DenizBank helped offset a decline in net interest margin due to lower interest rates and a reduction in non-funded income. Emirates NBD provided…
Tag: Emirates NBD
Emirates NBD posts net profit of AED 5.6 billion
DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 5.6 billion in the first nine months of 2020, a news release said. Net interest income increased 21% y-o-y and non-funded income grew 9% y-o-y with the full year inclusion of DenizBank. Net profit declined 55% y-o-y due to…
Union Properties completes AED 946 million debt restructuring with Emirates NBD
DUBAI: Union Properties PJSC has successfully reached an agreement with Emirates NBD for the full restructuring of its outstanding AED 946 million debt with the bank along with payment of the initial amount as per the new terms. Emirates NBD being the main creditor of Union Properties PJSC, this agreement will substantially improve the debt…
Emirates NBD reports 45% decline in net profit to AED 4.1 billion
DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 4.1 billion for the first half of 2020 ending June 30, 2020, a news release said. Net interest income increased 36% y-o-y and non-funded income grew 24% y-o-y with the acquisition of DenizBank in 2019. Net profit declined 45%…
LiquidX partners with Emirates NBD; expands geographic presence
SINGAPORE: LiquidX, the global network for illiquid assets, announced the addition of Emirates NBD to its network. Emirates NBD is a leading bank that is recognized as a digital thought leader in the MENAT region. Emirates NBD was also recently named the “Bank of the Year – UAE 2019” by The Banker magazine in recognition of its…
Emirates NBD posts net profit if AED 14.5bn in 2019
DUBAI: Emirates NBD, a leading bank in the region, has posted 44% growth in net profit to AED 14.5 billion for the year ended December 31, 2019 Net interest income increased 26% due to loan growth and non-interest income grew 38% due to higher foreign exchange and credit card related income. Core operating profit grew…
Emirates NBD rings DFM’s bell to celebrate new listings
DUBAI, UAE: Dubai Financial Market (DFM) hosted a bell ringing ceremony to celebrate the successful issuance and listing of the new shares issued by Emirates NBD, through the Rights Issue. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of the Bank rang the market opening bell in the presence of His Excellency Essa Kazim,…