His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, commended the strong performance and the good achievements made by Emirates NBD during the past year, confirming this contribution to the UAE economic system, and its distinguished position in the heart of the banking sector, which It represents the locomotive of development and a main pillar for the future of various vital sectors, and bypassing the various difficulties faced by the global economy, to continue to raise the ceiling of standards of excellence globally in the field of services and banking products.

His Highness expressed his confidence in the bank’s ability to continue its successes in a way that enhances the UAE’s position on the map of international banking services, and confirms its role in the heart of the global banking business system, indicating his highness to the important roles expected from the bank during the coming period, in which the UAE stands at the threshold of a stage New strong growth towards achieving broad aspirations, with which it affirms the economic leadership of the UAE at the regional and international levels.

The bank's achievements

This came during his highness, accompanied by His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Center, on the achievements of Emirates NBD, during the year 2019, during a visit to the bank’s headquarters, coinciding with the third annual meeting Th to its General Assembly.

His Highness the Crown Prince of Dubai was introduced in the presence of His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, His Highness Sheikh Surur bin Muhammad Al Nahyan, and His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Emirates NBD, during an explanation provided by the Vice Chairman of the Board The Administration and Managing Director, Hisham Abdullah Al-Qasim, on the bank’s strategic business plan, especially with its acquisition of Denizbank in Turkey, to enjoy a strong presence in Asia, through its presence in important markets, such as: India, China, Singapore, Indonesia and Russia, passing through the Middle East and North Africa.

His Highness listened to an explanation about the strong and diversified banking activity of the bank, which also has branches in the Kingdom of Saudi Arabia, Bahrain, Egypt and Turkey, all the way to the United Kingdom, Austria and Germany, as well as the Emirates, the bank’s headquarters, to extend its distinguished presence in 13 countries, spread over Asia and the Middle East region North Africa and Europe, to provide its services to more than 14 million customers, through about 1000 branches around the world.

Foreign ownership

Hisham Al-Qasim provided detailed information about the bank's accomplishments during 2019, including increasing the percentage of foreigners' ownership from 5 to 20%, and giving shareholders an exceptional opportunity to participate in the subscription rights that the bank launched with the aim of raising a sum of 6.45 billion dirhams, in addition to the profits achieved by the bank As a result of the partial exit from Network International shares, it reached 4.389 billion dirhams.

Al Qasim stated that Emirates NBD was able, through the implementation of its strategic initiatives in 2019, to record a net profit of 14.5 billion dirhams, with a total of assets exceeding 680 billion dirhams, or the equivalent of $ 186 billion, while maintaining a strong balance sheet that supports a diversified model For business.

A group photo was taken by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum with the president and members of the bank’s board of directors and members of the general assembly, at the end of the visit which was attended by a number of sheikhs, ministers and senior officials.

Leading bank

Emirates NBD, listed on the Dubai Financial Market (Emirates NBD), is a leading bank in the Middle East, North Africa and Turkey. Emirates NBD was among the first 20 names on the Forbes magazine’s annual list of “the most respected companies in the world”, to reserve for itself a leading position among the elite companies and international institutions. The Emirates NBD won the “Most Innovative Financial Corporation in the Middle East” award from the “Global Finance 2019 Innovators Awards”.

The bank is considered a pioneer in the field of providing banking services to individuals in the United Arab Emirates, and a major contributor to the digital banking industry at the global level. The bank recorded the implementation of more than 94% of financial transfers and orders outside its branches.

Digital bank

Emirates NBD announced the establishment of the E20 digital bank, dedicated to entrepreneurs and small and medium-sized companies, while Liv, the Emirates NBD digital banking platform for young people of the millennial generation, maintains its leading position as the fastest growing retail banking platform in United Arab Emirates. The bank won the award for “Best Digital Bank in the Middle East”, during the Euromoney Awards for Excellence, to confirm its position as a leading digital bank among its peers in the region. The bank operates in the United Arab Emirates, Egypt, India, Turkey, Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain, and it has representative offices in China and Indonesia. Emirates NBD has a strong presence on social media, and has a large number of followers, and it is the only bank in the Middle East that ranks among the top 20 in the ranking of "Power 100", prepared by the "Financial Brand" for the year 2019. The group is considered The main player in the field of corporate banking in the country, and it provides Islamic, investment and private banking, asset management, global markets, treasury and brokerage operations.

Development initiatives

Emirates NBD is one of the most active institutions, in participating in the most important development and development initiatives in the United Arab Emirates, in line with the government’s strategies, including financial knowledge, and the integration of people of determination within the framework of its comprehensive platform “Together Without Borders” #TogetherLimitless.

Social Responsibility

Emirates NBD won the Impact 2030 Innovation Award, the United Nations initiative on corporate social responsibility, in recognition of the distinguished volunteer efforts made by its work team through employee volunteering programs and programs related to corporate social responsibility. In addition, Emirates NBD Group is the first official partner in banking services for Expo 2020 Dubai.

• 14.5 billion dirhams, the bank’s net profit in 2019.

• 680 billion dirhams, the bank’s total assets at the end of last year.