Emirates NBD, a leading banking group in the area, today announced that it has been granted the renowned 'Bank of the Year – UAE 2019' grant by Financial Times' month to month production, The Banker, in recognition of its vigorous financial exhibition and pioneering way to deal with development in advanced banking.
In granting the top UAE title to Emirates NBD, The Banker expressed that "the judges were especially intrigued by Emirates NBD's embracing of open banking, and the going with changes made to its plan of action and fundamental IT engineering."
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD stated: "We are respected to be named 'Bank of the Year – UAE 2019' for the fourth time by an organization as reputed as The Banker. This acknowledgment is demonstration of the energetic endeavors of our representatives in guaranteeing that Emirates NBD keeps on driving the path for the locale's financial area in client experience, digital innovation, and corporate and social responsibity. As we plan for Expo 2020 Dubai one year from now, we will keep on fortifying our suggestion to be the bank of decision for clients, workers and investors."
Emirates NBD conveyed a healthy set of results for the initial nine months of 2019, with net benefit up 63% year-on-year to AED 12.5 billion. The bank checked numerous achievements through the span of the year, including effectively finishing the obtaining of Turkey-based DenizBank in the second from last quarter of 2019. The obtaining speaks to a noteworthy defining moment in Emirates NBD's development story, extending its quality to 13 nations and setting up the bank as a main player in the MENAT area with more than 14 million clients. Another significant feature was the formation of E20., an advanced business bank for SMEs and business visionaries. The dispatch of E20. comes two years after Emirates NBD presented Liv., its profoundly fruitful computerized way of life bank that has just verified 300,000 clients and counting.
The acknowledgment from The Banker pursues a progression of honors got by Emirates NBD as of late. The bank has been positioned among the top 20 in the Forbes' third yearly list of the World's Best Regarded Companies. It was additionally granted 'Best Digital Bank in the Middle East', 'Best Bank in the UAE' and 'Best Investment Bank in the UAE' by Euromoney Awards for Excellence 2019. Also, Emirates NBD was named the UAE's most significant financial brand, with an estimation of USD 4.04 billion, in The Banker's yearly image valuation group table. The bank was additionally respected for its spearheading endeavors in corporate social responsibilty and representative volunteering by IMPACT2030, the corporate volunteering arm of the United Nations.