Emirates NBD ranked among top 100 global banking brands with a US$2.186 billion brand valuation
Emirates NBD, a leading bank in the region, today announced that it has actually secured a place amongst the leading 100 global banking brands with a brand name assessment of US$ 2.186 billion, in The Banker's annual brand appraisal league table. The valuation rates Emirates NBD as the UAE's a lot of useful financial brand with a 23 % rise in brand name appraisal from 2015.
Emirates NBD has gone up 10 places from its 2015 spot in The Brand Finance Banking 500, a distinguished ranking of the globe's 500 greatest banking institutions, performed by leading brand name assessment consultancy Brand Finance, and also published in the February version of The Banker. The banking institution has actually been ranked 4th among all banks in the Middle East as well as Africa region.
Emirates NBD is the biggest banking group in the UAE by total revenue, net revenue and branch network. The banking institution just recently reported record earnings with net earnings up 39 % to AED 7.1 billion for the first time in its five-decade-long record. Possession growth, a rise in income, a control on expenditures and a significant renovation in the price of threat all supported the bank's robust operating efficiency, with total revenue growing 5 % to AED 15.2 billion.
Emirates NBD is a market leader in the UAE with a significant retail financial and wealth administration company. The financial institution was just recently named 'Bank of the Year-- UAE 2015' and also as an initial for a UAE-based bank, the extremely desired 'Bank of the Year-- Middle East 2015' by The Banker. The gives, taken into consideration among one of the most prominent by the worldwide financial neighborhood, recognise Emirates NBD's strong financials and pioneering method to technology in digital financial.
Emirates NBD Group has procedures in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom as well as depictive offices in India, China as well as Indonesia.