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The Emirates Development Bank (EDB) is an Emeriti state-owned financial institution established in 2015 in the United Arab Emirates under the patronage of Sheikh Mansour bin Zayed Al Nahyan, Deputy PM and Minister of Presidential Affairs of UAE. [2] [3] [4] It is one of the largest banking groups in the Middle East in terms of assets. [5] [6]
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [ 3 ] [ 4 ] [ 5 ] As of 31 December 2020, total assets were DH 698 billion , deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE , with a brand value of US$ 3.89 billion. [ 6 ]
Bank Name [4] [5] Bank name (in Arabic) Head Office (in UAE) Headquarters Stock code (if applicable) [2] [3] National Bank of Bahrain: بنك البحرين الوطني
Tanfeeth handles the back-office operations teams for Emirates NBD Group, which includes: Emirates NBD Contact Center Operations, Emirates Islamic Contact Center Operations, Collections, Compliance Operations, Finance and Accounting, International Payments, Retail Credit Operations, Wholesale Banking Operations, Central Operations and Service, Human Resource Services, Logical Security and ...
The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.
The UAE says he illegally obtained a loan from the government-affiliated Dubai Islamic Bank (DIB) by bribing staff members, but the United Nations says the charge of fraud is unjust.
Islamic banks of the United Arab Emirates (5 P) Pages in category "Banks of the United Arab Emirates" The following 14 pages are in this category, out of 14 total.
The Government of Dubai in 2007 transferred majority stakes in Emirates Bank International (EBI), National Bank of Dubai (NBD), [10] Dubai World Trade Center, Emirates National Oil Company, [11] Dubai Aluminium Company, Emirates Airlines, [12] dnata, and CBME to Investment Corporation of Dubai (ICD).