Emirates NBD PJSC

Logotype for Emirates NBD PJSC
Ticker/ISIN
EMIRATESNBD
AEE000801010
Market/Country
Dubai Financial Market
United Arab Emirates

About Emirates NBD PJSC

Country of Origin: United Arab Emirates (U.A.E)

Emirates NBD PJSC (the “Bank”) was incorporated in the United Arab Emirates on 16 July 2007, under the Commercial Companies Law (Federal Law Number 8 of 1984 as amended) as a Public Joint Stock Company. The Bank was incorporated principally to give effect to the merger between Emirates Bank International PJSC (“EBI”) and National Bank of Dubai PJSC (“NBD”). The merger became effective from 16 October 2007, while the legal merger was completed on 4 February 2010. Post this date, EBI and NBD ceased to exist. The Bank and its subsidiaries are (together referred to as the “Group”). The Bank is listed on the Dubai Financial Market. The Group’s principal business activity is corporate, consumer, treasury, investment banking, Islamic financing and asset management services. The parent company of the Group is Investment Corporation of Dubai, a company in which the Government of Dubai is the majority shareholder.

Latest Pressrelease Summaries from Emirates NBD PJSC

Emirates NBD Bank PJSC has announced the extension of the nomination period for its Board of Directors to December 10, 2024. Shareholders who meet the eligibility criteria can apply for board membership via email, specifying their desired role as Non-Executive or Independent Director. Nine board members are to be elected, and nominations are open for ten days following the announcement, per governance guidelines. Applicants must adhere to specific corporate governance and regulatory standards, and nominations cannot be transferred to others. All applications are subject to evaluation and Central Bank approval. The bank will disclose nominee details on its website two days before the Annual General Assembly Meeting. Required documents, including identification, must be submitted with the application, or it will be considered void.
Emirates NBD Bank (P.J.S.C.) has released its group condensed consolidated interim financial statements for the nine-month period ending on September 30, 2024.
On 11 October 2024, Emirates NBD Bank announced that an Earnings Call Meeting is scheduled for 17 October 2024 at 2:00 PM. The meeting will discuss the financial results for the third quarter ending 30 September 2024. Further details can be found on the Emirates NBD website. The announcement was addressed to Hamed Ahmed Ali, CEO of the Dubai Financial Market, and was also copied to the Securities & Commodities Authority. The letter was sent by Dr. Ahmed Saeed Alkhalfawi, Group Company Secretary of Emirates NBD Bank.
The Board of Directors of Emirates NBD Bank (P.J.S.C) is scheduled to meet on Wednesday, 16 October 2024, at 3:30 PM. The agenda includes approving the minutes of the previous board meeting, reviewing the financial results for the three-month period ending 30 September 2024, and discussing any other business. The letter is addressed to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market, and is sent with a copy to the Securities & Commodities Authority. The letter is signed by Dr. Ahmed Saeed Alkhalfawi, the Group Company Secretary of Emirates NBD Bank.
Emirates NBD reported a record profit of AED 13.8 billion in the first half of 2024, a 12% increase year-on-year, driven by strong lending growth and substantial impaired loan recoveries. The bank's lending grew by 6%, surpassing AED 500 billion for the first time. All business units performed exceptionally well, with significant achievements in retail lending, UAE credit card market share, and a 41% year-on-year increase in Assets Under Management. Corporate lending originated AED 48 billion in new loans, contributing to the bank's robust capital ratios and solid balance sheet. Key highlights include a total income of AED 21.4 billion, a 3.65% net interest margin, and record profits from Emirates Islamic. Earnings per share rose by 13% to 214 fils.
Emirates NBD Bank (P.J.S.C.) has released its group condensed consolidated interim financial statements for the six-month period ending June 30, 2024.
Emirates NBD reported a 67% surge in Q1 2024 profits to a record AED 6.7 billion, a 12% year-on-year increase. This was driven by regional growth, increased transaction volumes, a low-cost funding base, and substantial impaired loan recoveries. The bank's assets surpassed AED 900 billion, with strong performances in retail and corporate lending. Expansion in Saudi Arabia and digital capabilities also contributed to growth. Deposits increased by AED 26 billion, with AED 21 billion coming from low-cost Current and Savings Accounts. The bank also registered an impairment credit due to an improved economy. All business units performed well, boosting capital ratios and solidifying the bank's balance sheet.
The following text provides a summary of the condensed consolidated interim financial statements of Emirates NBD Bank (P.J.S.C.) for the three-month period ending on 31st March 2024.

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News Update From Emirates NBD PJSC

Disclosure: Notification from Emirates NBD Bank

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News Update From Emirates NBD PJSC

Disclosure: Earnings call meeting

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News Update From Emirates NBD PJSC

Disclosure: Press release regarding financial results for the 3rd QTR of 2023

Emirates NBD reported a 92% increase in profit to AED 17.5 billion in the first nine months of 2023, with Q3 profit exceeding AED 5 billion for the third consecutive quarter. This is attributed to substantial loan growth, a stable low-cost funding base, increased transaction volumes, and substantial recoveries. The bank's deposit franchise grew AED 67 billion, including AED 33 billion of low-cost Current and Savings Accounts in 2023. The bank also experienced an 8% loan growth due to strong retail lending momentum and multinational-customer deals. The bank's total income rose by 44% to AED 32.7 billion, and its balance sheet grew by 13% to AED 836 billion at Q3-23. The bank's earnings per share increased by 96% to 271 fils.

1. Attached Document

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News Update From Emirates NBD PJSC

Disclosure: Financial statements for the 3rd QTR of 2023

The text provides a summary of the condensed consolidated interim financial statements of the Emirates NBD Bank PJSC Group for the nine-month period ending on 30 September 2023.

1. Attached Document 2. Attached Document

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News Update From Emirates NBD PJSC

Disclosure: Results of Board Meeting

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News Update From Emirates NBD PJSC

Disclosure: BOD Meeting

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Disclosure: Clarification of the news published in media

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News Update From Emirates NBD PJSC

Disclosure: Earnings call

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News Update From Emirates NBD PJSC

Disclosure: Press release regarding financial results for the first half of 2023

1. Attached Document