Emirates NBD (EMIRATESNBD) – Introduction and background |
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Emirates NBD PJSC, or National Bank of Dubai, is the UAE’s largest bank by total assets and one of the leading banking groups in the MENA region, offering both traditional and Islamic banking products to retail, corporate and institutional clients, alongside investment and private banking services.
The group’s origins can be traced back to 1963 with the establishment of the National Bank of Dubai. In 2007, NBD merged with Emirates Bank International, at the time the second and fourth largest banks in the UAE respectively, to create Emirates NBD, a combined institution designed to compete across every major banking segment. NBD has grown through multiple acquisitions: in 2013 it acquired the Egyptian operations of BNP Paribas and in 2019 acquired Turkey-based DenizBank, adding a substantial retail banking operation in one of the region’s largest economies. NBD now serves over 9 million active customers across 13 countries.
Emirates NBD has been listed on the Dubai Financial Market (DFM) under the ticker EMIRATESNBD since October 2007. The stock is regarded as a systemically important financial institution and is a major large-cap financial stock on the DFM.
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