Emirates NBD Bank PJSC, (Arabic: بنك الإمارات دبي الوطني) is a major Emitari bank among the Big Four banks.
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 Emirates NBD headquarters in Deira, Dubai. | |
| Type | Public bank |
|---|---|
| DFM: ENBD | |
| ISIN | AEE000801010 |
| Industry | Financial services Insurance |
| Founded | 19 June 1963 |
| Headquarters | , |
Number of locations | 787 (2025)[1] |
Key people | Ahmed bin Saeed Al Maktoum (Chairman) Shayne Nelson (CEO) |
| Revenue | AED 24 billion (US$6.54 billion) (2025)[1] |
| Total assets | AED 1.16 trillion (US$317.17 billion) (2025)[1] |
Number of employees | 35 000 (2025)[1] |
| Parent | Investment Corporation of Dubai |
| Website | www |
History
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Emirates NBD was initially formed as the National Bank of Dubai (NBD) on 19 June 1963 by the Emir of Dubai Sheikh Rashid bin Saeed Al Maktoum, forming the first national bank established in the country. NBD merged with Emirates Bank International (EBI) in March 2007 to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM).[2]
On 1 December 2012 Dubai Bank was acquired by Emirates NBD.[3][4][5]
On October 7, 2022, Emirates NBD Bank PJSC sold 86,316,964 ordinary shares of BankIslami Pakistan to JS Bank.[6]
It has been widely reported that the bank is in the race with Sumitomo Mitsui Banking Corporation to acquire a majority stake in Yes Bank.[7][8][9][10][11][12]
Emirates NBD was ranked sixth on Forbes Middle East's 30 Most Valuable Banks 2025 list.[13] It also ranked sixth on Forbes Middle East's Top 100 Listed Companies 2025 list.[14]
International operations
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Egypt: In 2013, the bank acquired all assets of BNP Paribas in Egypt.[15] As of 2024 it is a medium rage bank, it operates 69 branches nationwide, and managed nearly USD 5 billions in total assets.[16]
India: In 2021, Emirates NBD has announced its plans for further expansion in India, following approval from the Reserve Bank of India (RBI) to open two additional branches in Gurugram and Chennai to cater to the northern and southern markets of India.[17] On 18 October 2025, Emirates NBD announced that it will acquire a 60% stake in RBL Bank for ₹26,850 crore (US$3.05 billion) through a preferential issue of shares.[18] In June 2026, it completed the acquisition for US$2.75 billion.[19]
Turkey: In 2018, Emirates NBD agreed to buy DenizBank from Sberbank. The deal was completed in July 2019.[20] As of 2025, is one of the top 10 banks in Turkey.[21]
Saudi Arabia: In 2004, was the first UAE-based bank to be granted a license to operate in the Kingdom. As of 2026 it operates 20 branches.[22]
See also
editReferences
edit- 1 2 3 4 "Building on strong foundations - 2025 report" (PDF).
- ↑ "Emirates National Bank of Dubai". unescwa.org.
- ↑ "Dubai Bank PJSC: Private Company Information – Businessweek". Bloomberg L.P. 30 November 2012.
- ↑ Hunter, Gregor Stuart (11 October 2011). "Emirates NBD to takeover Dubai Bank". The National.
- ↑ "Dubai's Emirates NBD seals biggest acquisition with the purchase of Turkish lender Denizbank". Arab News.
- ↑ Report, Recorder (7 October 2022). "JS Bank allowed to acquire 86.32m ordinary shares". Brecorder.
- ↑ "SBI aims to sell its YES Bank stake worth $2.2 billion by March-end". www.business-standard.com. Archived from the original on 24 August 2025.
- ↑ "SBI plans to divest $2.2bn worth of shares in Yes Bank by end-March 2025". 14 August 2024.
- ↑ "SBI to sell its stake in Yes Bank worth Rs 18,420 cr by end of FY25: Report". 13 August 2024.
- ↑ "Race for Yes Bank: Bids likely by month-end, Emirates NBD may also join the fray". Moneycontrol. Archived from the original on 26 August 2025.
- ↑ "SBI aims to sell Yes Bank stake worth $2.2 billion by end-March: Report". Hindustan Times. 13 August 2024.
- ↑ Barman, Arijit (8 August 2024). "Mizuho plans to say no to Yes Bank deal; it's SMBC vs Emirates NDB". The Economic Times.
- ↑ Mughal, Waqar. "30 Most Valuable Banks 2025". Forbes Lists.
- ↑ Mughal, Waqar. "Emirates NBD Group". Forbes Lists.
- ↑ "Emirates NBD and BNP Paribas sign agreement for the sale of BNP Paribas Egypt to Emirates NBD - BNP Paribas". BNP Paribas.
- ↑ "Emirates NBD Egypt Achieves Net Profits Worth EGP 1.4 BN During Q1-2025". Emirates NBD. 4 May 2025.
- ↑ "Emirates NBD mulls plans for expansion in India". www.connectedtoindia.com. Archived from the original on 6 October 2021.
- ↑ "India's markets regulator approves change of control at RBL Bank in Emirates NBD stake deal". Reuters. 30 April 2026.
- ↑ Sarkar, Suvo (22 June 2026). "Emirates NBD's RBL Bank deal rewrites the UAE-India banking corridor". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved 22 June 2026.
- ↑ "Completion of the sale and purchase of 99.85% of the shares in DenizBank A.Ş. By Emirates NBD from Sberbank of Russia — СберБанк".
- ↑ "Türkiye's top 10 banks generate $17B in profits in 2025". Anadolu. 25 February 2026.
- ↑ "Emirates NBD partners with VFS Global in Kingdom". Arab News. 18 May 2025.
External links
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