Emirates NBD named ‘Bank of the Year – UAE’

DUBAI / WAM

Emirates NBD on Tuesday announced that it has been awarded the ‘Bank of the Year – UAE 2019’ award by Financial Times’ monthly publication, The Banker, in recognition of its robust financial performance and pioneering approach to innovation in digital banking.
In awarding the top UAE title to Emirates NBD, The Banker stated that “the judges were particularly impressed by Emirates NBD’s embracing of open banking, and the accompanying changes made to its business model and underlying IT architecture.”
Commenting on the announcement, Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD, said, “We are honoured to be named ‘Bank of the Year – UAE 2019’ for the fourth time by an institution as reputed as The Banker. This recognition is testament to the tireless efforts of our employees in ensuring that Emirates NBD continues to lead the way for the region’s banking sector in customer experience, digital innovation, and corporate and social responsibility. As we prepare for Expo 2020 Dubai next year, we will continue to strengthen our proposition to be the bank of choice for customers, employees and shareholders.”
Emirates NBD delivered a healthy set of results for the first nine months of 2019, with net profit up 63% year-on-year to AED12.5 billion. The bank marked many milestones over the course of the year, including successfully completing the acquisition of Turkey-based DenizBank in the third quarter of 2019.
The acquisition represents a significant turning point in Emirates NBD’s growth story, expanding its presence to 13 countries and establishing the bank as a leading player in the MENAT region with over 14 million customers. Another major highlight was the creation of E20., a digital business bank for SMEs and entrepreneurs. The launch of E20. comes two years after Emirates NBD introduced Liv., its highly successful digital lifestyle bank that has already secured 300,000 customers and counting.