Business | Banking
At a glance: Emirates Bank and National Bank of Dubai
Emirates Bank International (EBI) and National Bank of Dubai (NBD) will merge to create one of the Middle East's largest banks with assets of Dh165 billion.
- Gulf News
- Published: 23:37 May 3, 2009
- Image Credit: Gulf News
- Following on the heels of the merger between Emirates Bank International and National Bank of Dubai (pictured), many believe other banks may consider similar moves.
Emirates Bank International (EBI) and National Bank of Dubai (NBD) will merge to create one of the Middle East's largest banks with assets of Dh165 billion.
At a glance: Emirates Bank
- Established: 1977
- Rank by assets in UAE: 2nd
- Rank by assets in Dubai: 1st
- Chair: Ahmad Humaid Al Tayer
- Total assets: Dh9.5878 billion
- Revenue: Dh2.896 billion
- Net profit: Dh1.888 billion
- Number of branches: 35 branches in the UAE, one in London, one in Mumbai and a representative office in Tehran
At a glance: National Bank of Dubai
- Established: 1963
- Rank by assets in UAE: 4th
- Rank by assets in Dubai: 2nd
- Chair: Abdullah Mohammad Saleh
- Total assets: Dh6.9279 billion
- Revenue: Dh1.861 billion
- Net profit: Dh1.106 billion
- Number of branches: 39 branches in the UAE, one in London and a representative office in Tehran
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