Emirates Bank Group hosts The Bank of New York Company delegation

H.E. Ahmed Humaid Al Tayer, Chairman Emirates Bank hosted a luncheon in the honor of Mr. Thomas A Renyi, Chairman & CEO, The Bank of New York Company INC during his visit to Dubai. The luncheon, which marked the close traditional ties between Emirates Bank and The Bank of New York, was also attended by distinguished guests from banking, finance and business communities.

The Bank of New York Company, Inc. is a global leader in providing comprehensive array of financial services that enable institutions and individuals to move and manage their financial assets in more than 100 markets worldwide. The Company's extensive global client base includes a diverse range of leading financial institutions, corporations, government entities, endowments and foundations.

Its principal subsidiary, The Bank of New York, founded in 1784, is the oldest bank in the United States and has consistently played a prominent role in the evolution of financial markets worldwide. The Bank of New York has more than 22,900 employees, located in branches, subsidiaries, representative offices (including UAE), affiliates, and operations centers in 33 countries across the globe.

International ratings of The Bank of New York are as follows.

Moody's: Aaa / P-1
Fitch Ratings: AA- / F1+
Standard & Poor's: AA- / A-1+

Emirates Bank shares a long standing relationship with The Bank of New York, encompassing diverse areas of co-operation including correspondent relations, trade finance, syndications and forfeiting, treasury, asset management etc.