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The best bank in the United Arab Emirates

The best bank in the United Arab Emirates

The United Arab Emirates financial system is the highly developed and important component of the global financial market. The UAE banking system, being a part of the national financial market, is the integrated part of the UAE economy.

The UAE banking system is represented by the numerous best banks, which deliver the full set of high-quality services to both private and corporate clients on the local and international markets.

In this overview, we would like to provide the most important and relevant information on the best largest, strongest and the most reliable bank of the United Arab Emirates — Emirates NBD.

 

Emirates NBD (ENBD): General Information

Emirates NBD (ENBD) was officially formed on 16 October 2007 after the merger of the Emirates Bank International and the National Bank of Dubai (NBD), which were the second and the fourth largest banks in the UAE respectively. From this time forward, Emirates NBD is the largest bank of the United Arab Emirates regarding assets and the best bank in terms of the quality of client servicing.

The Emirates NBD's Board of Directors has set a goal to promote the continuous development of the banking institution to maintain its region’s top position and improve other international indicators.

Emirates NBD has a well-defined task “To be globally recognised as the most valued financial service provider in the Middle East”. This motto has become the main guideline that defines the strategic line of further development of the banking institution.

All the efforts of the bank’s employees are focused to fulfil the Emirates NBD mission: “Everyday we make our customers' lives simpler by providing solutions that help them fulfil their financial aspirations”. In practice, it means that all the Emirates NBD customers get convenient and equal access to all the offered services both in the numerous branch offices and over the efficient Online, Mobile, and Phone Banking services.

Emirates NBD (ENBD): Facts and Figures

Emirates NBD holds the top position in almost all the rankings, which are based on the various indicators.

Emirates NBD (ENBD) is one of the world’s 1000 largest banks in the world, being first among the 85 Arab banks, which were also included in this list. This ranking is based on such indicators as the size of assets, financial performance indicators, etc.

As of today, the total assets of the Emirates NBD exceed AED 406.6 billion, making it the largest player in the whole region.

Furthermore, Emirates NBD is the permanent leader of the TOP-3 banking institutions of the GCC region in terms of the customer experience index and development of the banking infrastructure.

The banking infrastructure of the Emirates NBD (ENBD) is represented by the numerous branch offices, Automated Teller Machine (ATMs) and Cash Deposit Machines (CDMs), which are located both on the territory of the country and abroad. In fact, these figures are as follows:

  • branch offices — over 220;
  • ATMs and CDMs — more than 940.

Emirates NBD (ENBD) is the world’s famous banking institution that operates both on the UAE local and on the international financial markets. In particular, the bank has operations in:

  • The United Arab Emirates;
  • Egypt;
  • The Kingdom of Saudi Arabia;
  • Singapore;
  • The United Kingdom;
  • India;
  • China;
  • Indonesia.

Also, Emirates NBD (ENBD) serves the important function of one of the largest employers in the United Arab Emirates. Currently, the bank personnel amounts more than 9000 people. Besides, these are the representatives of 70 nationalities, what makes Emirates NBD the most culturally diversified institution of the country.

Advantages of Emirates NBD

Emirates NBD provides all types of the financial tools and banking services for both private and corporate clients in the UAE and abroad.

Among the main advantages of the Emirates NBD (ENBD) for carrying on banking activities there are:

  • High level of reliability;
  • Effective servicing;
  • A well-developed infrastructure.

Clients of Emirates NBD may choose from such types of accounts as:

  • Current accounts;
  • Savings accounts;
  • Deposit accounts;
  • Gold Investment accounts;
  • Value accounts.

The available types of loans are:

  • Personal loans;
  • Auto loans;
  • Home loans.

Emirates NBD (ENBD) issues all types of plastic cards, including debit, prepaid, credit and commercial cards that serve as the efficient bank instrument both on the territory of the UAE and abroad.

Besides it, Emirates NBD offers various additional services. So, for example, its clients may obtain health, travel, motor and other types of insurance certificates.

There is no doubt that all these services are provided under the maximal level of safety that is guaranteed by the efficient banking security systems and the most modern digital technologies. Moreover, Emirates NBD, as well as any other UAE banking institution, operates under the strict control of the UAE Central Bank. Therefore, the safety of the Emirates NBD (ENBD) clients is guaranteed by the UAE Government as well.

Conclusion on the best bank in the UAE

Emirates NBD (ENBD) is the indisputable banking champion of the United Arab Emirates and the important economic and social player for the entire country.

 

 

 

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