Emirates NBD (ENBD), Dubai's largest lender, plans to sell a benchmark-sized capital-boosting bond, a document from lead managers said on Monday, looking to take advantage of favourable markets to strengthen its reserves.
Emirates NBD has issued A$400 million ($371 million) Fixed Rate Notes, maturing in 2019, off Its A$1,500 million Debt Issuance Programme.
The notes are rated Baa1 by Moody’s and A+ by Fitch and pay a fixed rate coupon of 5.7
Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts.
The lender, 55.6-percent owned by state fund Inv
Emirates NBD, a leading bank in the region, inaugurated the Emirates NBD Egypt head office in Cairo, which also launched its brand during the ceremony.
The event was attended by Egypt’s deputy Central Bank Governor Nidal Ass
Emirates NBD has appointed Giel-Jan Van Der Tol as the new managing director for its Egypt operations and a member of the board of directors.
Shayne Nelson, group CEO, Emirates NBD, said: “We are pleased
JP Morgan has cut its correspondent banking relationship with Emirates NBD, Dubai's largest bank, as part of a global review of its business, sources familiar with the matter said.
In a memo to staff last year, the US bank sai
Dubai's top lender Emirates NBD sees loan growth this year in the range of 7-8 percent and the bank has no plans to raise additional capital in 2014, its chief financial officer said on Monday.
"Loan growth is expected to
Dubai Group has signed a $10 billion debt restructuring agreement, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis.
UAE-based bank Emirates NBD said its case study titled ‘Awesome Travelling Machine’ and its video had won two golds and one silver at the 2013 Midas Awards recently in New York.
Shortlisted in three categories at the e
Emirates NBD, a leading bank in the region, has opened its representative office in the Indonesian capital, Jakarta.
The office was inaugurated by Shayne Nelson, Group chief executive officer, Emirates NBD in the presence of local