Business
Emirates NBD bags three awards at Middle East Banking Awards 2014
Dubai, April1, 2015: The Emirates NBD Group won three awards at EMEA Finance's Annual Middle East Banking Awards. The bank was recognisedas the Most Innovative Bank in the Middle East, while Emirates NBD Capital was recognised as Best Local Investment Bank in the UAEas well as Best SukukHouse in the UAE.
EMEA Finance magazines Middle East Banking Awards, now in their seventh year, recognise the performances of regional economies and banking systems, analyse the landmark capital-markets deals from sovereigns and companies and award the best-performing financial-services players.
Emirates NBD earned the title of Most Innovative Bank in the Middle East 2014 based on the banks investments in Dubai Financial Markets e-IPO platform, making it the first bank in the UAE to offer its customers online and mobile-based subscription to shares. Nearly half of the banks customers subscribing to the Emaar Malls IPO took advantage of Emirates NBDs digital subscription channels, reaffirming the popularity of the banks online innovation.
The Most Innovative Bank in the Middle East award is one of only sixpan-Middle East awards.
Commenting on the awards, Group Chief Executive Officer, Shayne Nelson said, Emirates NBD has gained in reputation for offering its customers innovative banking solutionsthat make their lives easier. Our commitment to leveraging technology to constantly improve and enhance our offering has earned admiration and respect from our customers as well as the rest of the industry. I would like to commend our Group IT and Multichannel and Customer Relationship Managementteams for their untiring efforts to keep innovating. In addition, I would like to recognise the team at Emirates NBD Capital, for carving a strong niche in the regions debt and equity markets. The companys in-house structuring and advisory capabilities, coupled with placement reach to investors globally, has positioned itas a major player in the UAE, and increasingly across the region, added Nelson.
Emirates NBD Capital, the Groups investment banking arm,won recognition for its role on numerous debt and equity capital market issuances. In an increasingly competitive and globally active Sukuk market, Emirates NBD Capital was Joint Lead Manager and Bookrunneronseveral benchmark Sukuk issuances in 2014including US$ 1.5bn Sukuk for the Republic of Indonesia, US$ 500mnSukuk for flydubai, US$ 700mn Sukuk for DIFC Investments, US$500mn Sukukfor Goldman Sachs, USD 500mn Tier 1 Sukuk for Al Hilal Bank and US$ 500mn Sukuk for Kuvet Turk and TurkiyeFinans.
According to the 2014 league tables published by Bloomberg, Emirates NBD was ranked third globally in terms of number of USD Sukuk issuances arranged. Emirates NBD Capital was also a bookrunner for several landmark bond issuances including a 2-tranche US$ 1bn debut bond issuance by Turk Telecom, US$ 300mn bond issuance by ICD and US$ 500mn bond by Majid Al Futtaim.
In equity capital markets, Emirates NBD was ranked as the # 1 bookrunner in the UAE having managed four IPOs: Emirates REIT, Emaar Malls Group, Amanat Holdings and Dubai Parks& Resorts.In addition, Emirates NBD played a central role in some of the largest loan transactions in the Middle East, including the landmark US$3.15billion multi-currency loan for Etisalat, where the bank acted as Mandated Lead Arranger.