The delegation discussed the recent developments in the banking sector and its performance and the recent financial, real estate and stock markets developments, demand of credit, sources and uses of funds in the country and the region.
The delegation was received by Mr. Rick Pudner, Chief Executive Officer of Emirates NBD along with members of the Group's Senior Executive Committee who welcomed the delegation and shared their information in relation to the recent financial challenges.
The meeting took place at the Emirates NBD headquarters in Dubai.
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Emirates NBD receives IMF delegation
- United Arab Emirates: Tuesday, October 28 - 2008 at 14:26
- PRESS RELEASE
Emirates NBD, the largest banking group in the Middle East in terms of assets received a high profile delegation from the International Monetary Fund (IMF) which is visiting the UAE on a Consultation mission with the UAE.
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Notes and media contacts
About Emirates NBDEmirates NBD (DFM: ENBD) is the biggest banking group in the Middle East by assets and the biggest banking group in the UAE by market capitalization. At 30th September 2008 total assets were Dhs285.3bn.
The Group has a leading retail banking franchise in the UAE, with over 115 branches and over 509 ATMs. It is a major player in the UAE corporate banking arena, with a combined market share of almost a fifth of corporate loans. It also has strong Islamic banking, investment banking, private banking, asset management and brokerage operations.
The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom and Jersey (Channel Islands), and representative offices in India, Iran and Singapore.
For more information, please contact:
Ibrahim Sowaidan
04- 609 4113
050 653 8937
Ramy Lawand
04-201 2204
050 8420729
Claire Andrea
04-609 4143
Posted by Nadeen El AjouTuesday, October 28 - 2008 at 14:26 UAE local time (GMT+4)
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