Emirates NBD Declared Best Bank in the Middle East by Euromoney
Emirates NBD, among the leading banks in the region, was named Best Bank in the Middle East along with Best Bank in the United Arab Emirates for the fourth successive year at the Euromoney Honors for Excellence in 2018.
Emirates NBD was recognised for its outstanding monetary efficiency in 2017, supplying a document year-end net profit of AED 8.35 billion, and a strengthened annual report with more improvements in capital and liquidity and stable credit top quality. Furthermore, the bank was admired for its commitment to the digitisation of banking services within the UAE and larger region, having actually presented a number of first-to-market digital banking remedies which offer customers a seamless tech-first banking experience integrated with the human touch.
Discussing the win, Shayne Nelson, Group CEO of Emirates NBD said: "We are deeply honoured yet once more to receive the two most respected titles at this year's Euromoney Honors. In the previous year, the bank has provided not just a document financial performance, yet likewise a significant landmark checklist of first-to-market technologies within the region. Our core customer-centric viewpoint has enabled us to become a digital banking leader and as we concentrate on calculated expansion within the Middle East, we will certainly continue to enhance our proposition to be the bank of option for customers, employees and shareholders."
Driven by the Emirates NBD Future Lab , the bank has introduced several significant technologies to the UAE banking field. In 2017, the bank launched Liv., the UAE's initial digital lifestyle bank for millennials; Skyshopper, the Middle East's very first ecommerce website from a monetary solutions organization; announced Cheque Chain, a modern technology integrating blockchain right into Emirates NBD-issued cheques, and pioneered a modern-styled digital branch principle at the Dubai World Trade Centre, combining a paperless self and assisted-service banking experience complemented by a strong human element.
As the region's premier smart bank, Emirates NBD is motivated by the progressive vision of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and its Chairman, HH Sheikh Ahmed Bin Saeed Al Maktoum.
The acknowledgment from Euromoney adheres to a collection of global and regional awards for Emirates NBD for its performance over the past year. The bank was proclaimed the Most Innovative Financial Provider Company of the Year at the BAI Global Innovation Honors. The bank was likewise recently granted at the UAE Innovation Award for its best-in-class innovative products; named 'Best Retail Bank in the Middle East' by The Oriental Lender; and was acknowledged by The Lender as the UAE's a lot of valuable banking brand with a USD 3.534 billion brand valuation.
