Emirates NBD branch managers discuss plans for new core banking system

The inaugural meeting served as a platform to discuss its new core banking system which will enable the Group to provide its customers with services of the highest standard and quality. The New core banking system is set to go live during the month of October of the current year.

The meeting was part of a series of meetings for Emirates NBD as a group and is part of the Bank's commitment to further strengthen and unite its branch services. Held in Dubai, the meeting provided a forum for the branch managers to discuss the semi annual results and strategic management plans for the coming period and the year ahead.

H.E. Ahmed Humaid Al Tayer, Chairman of Emirates NBD addressed the participants and expressed his pride in the growth that the Group is achieving since October last year through the combined synergies and said:

"Emirates NBD is achieving remarkable growth across all its core banking areas and the merger process which has gone from strength to strength over the last ten months has multiplied our profits and we are expecting record results in the upcoming semi-annual announcement. With a number of significant merger developments already underway, Emirates NBD remains fully committed to delivering value to our shareholders, customers and employees. We are currently looking at all levels of the group and our branch network is our most valuable asset as it interacts directly with our customers. We are proud that all our branch managers are UAE Nationals."

As part of its Emiratisation strategy, all Emirates NBD's branch managers are UAE Nationals. The Group aims to achieve 35% Emiratisation of its total workforce of more than 7500 employees. The Group also aims to increase this percentage to reach 40% by the end of 2009.