offshore - business - investment
Emirates NBD is currently the biggest bank group of the Middle East, in terms of assets with the holding of 5 companies, 8 subsidiaries and 3 further associates.
Emirates NBD also include the National Bank of Dubai, which as such has stopped its operations under its former name. The offices of all branches can be found in Dubai.
Dubai is virtually the second capital and the main business city of the UAE, so it is natural that even such banks that are based in Abu Dhabi put a higher volume of business in the hands of their Dubai branches.
The history of Emirates NBD goes back to 2007 when the bank first appeared on the Dubai Financial Market (DFM). Emirates NBD was created mainly by the merging of the second and fourth largest banks of the United Arab Emirates, namely the Emirates Bank and the National Bank of Dubai, in order to create a much more successful and powerful banking system together. It’s the Emirates NBD holding the largest base of assets in the whole Middle Eastern region having altogether around 282 billion Emirati Dirham as its main capital base. Apart from the United Arab Emirates, Emirates NBD also operates in Saudi Arabia, Iraq in the Middle East, in India and Singapore in Asia and in the United Kingdom and in the Jersey Islands in Europe.
The Group companies of Emirates NBD are:
- Emirates NBD Securities LLC: This is the first and main brokerage service providing institute for the bank
- ETFS: The ETFS concentrate solely on business banking and offers diverse inland trade finance facilities
- Al-Tomooh
- Diners Club UAE: as the UAE representative of the worldwide financial payment system.
- Emirates NBD Private Bank: designed especially for the high-profile clientele with specific services
The subsidiaries of Emirates NBD are:
- Emirates Islamic Bank: The Islamic Banking section of Emirates NBD for the traditional clients prefers the Islamic Banking methods. The Emirates Islamic Bank offers several investment possibilities for individual and corporate clients all the same.
- Emirates Islamic Financial Brokerage: The west-wing of the Emirates Islamic Bank this unit is solely concentrating on brokerage services in accordance with the Sharia Law.
- Emirates Money: The basic loan and mortgage specialist unit of Emirates NBD offers all sorts of loans for private and company clients all the same.
- Network International LLC: The specialised commercial bank of Emirates NBD offers personalised wealth management and personal banking services.
- Emirates NBD Capital Ltd.: This is the financial services segment of the bank.
- Al-Watani Al Islami: Islamic banking section specific investment planning and loan department
- Emirates NBD Trust Company (Jersey) Limited: This is the offshore unit of the bank.
- Emirates NBD Properties: The property buyer, investor and management unit specifically for the wealthy clients.
- Emirates NBD Asset Management: This section offers high profile clients advisory and investment options regarding asset management. The services are discreet, in connection with
Dubai offshore businesses as well.
The associate companies of Emirates NBD are:
- National General Insurance: the main insurance company of Emirates NBD Bank
- Emirates NBD Sana Capital Limited
- Union Properties: for buyers and investors
As you see Emirates NBD is huge and there is no financial sector where it does not offer services at all. You can find the branches and different united Emirates NBD in several shopping malls and on the Bank Street of Dubai, which is the street for every banks.