Our Journey - A Legacy of Banking Experience

A historic merger

On 19 June 1963, H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates. On 6 March 2007, a momentous decision for regional banking was taken when H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, signed off the merger of NBD with Emirates Bank International (EBI), to form Emirates NBD, the largest banking group in the MENAT region.

This historic merger combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, Islamic, investment, and private banking, global markets & treasury, asset management and brokerage operations throughout the region.

This followed quickly with the listing of Emirates NBD on the Dubai Financial Market (DFM) on 16 October 2007.

60 years of growth

In 2023, Emirates NBD celebrated its 60^th anniversary, marking the Group's outstanding achievements while highlighting the bank's solid historical and financial foundations as well as its promising future.

As at 31^st March 2024, total assets were AED 902 Billion, (equivalent to approx. USD 246 Billion). The acquisition of DenizBank represents a significant milestone for Emirates NBD with the Group expanding its presence to 13 countries, serving over 9 million active customers.

The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches.

The Group also operates Liv, powered by Emirates NBD, the first and largest digital offering in the UAE and continues to target Generation Now (Gen Now). With more than half a million users, it continues to be the fastest-growing bank in the region.

Regional and global operations

The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 858 branches and 4,450 ATMs / SDMs.

Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 3.89 billion by Brand Finance. The Group was ranked 29^th globally on the Social Media Power 100 ranking by the Financial Brand for 2022.

Building a sustainable future

Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial wellness and advocacy for inclusion of people of determination. The Group is recognised for the pioneering efforts in employee volunteering and corporate social responsibility by IMPACT2030, the corporate volunteering arm of the United Nations.

Emirates NBD, as a Premier Partner and the Official Banking Partner for Expo 2020 Dubai, has successfully cemented its mark not only in the UAE and Middle East, but also on a historic global stage. Emirates NBD is committed to supporting the UAE’s Year of Sustainability as Principal Banking Partner of COP28 and is an early supporter to Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.

More about our sustainability approach

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