Business Chief ME+AFRICA January 2024 | Page 35

TOP 1O

EMIRATES NBD BANK

Revenue : US $ 12.8 billion Employees : 13,000 CEO : Shayne Nelson ( pictured left ) Founded : 1963
Originally formed in 1963 as National Bank of Dubai , the bank merged with Emirates Bank International in 2007 to form the Group we know today .
Few years have been as successful for Dubai ’ s largest lender as 2023 , the bank ’ s 60th . Profits surged to a new nine-month record high of US $ 4.76 billion , marking a whopping 92 % hike on 2022 and reflects “ the Group ’ s increasing regional presence and leading digital capabilities ”, a statement read .
The Group , which has operations in Egypt , India , Turkey , Saudi Arabia , Singapore , the UK , Austria , Germany , Russia and Bahrain , with representative offices in China and Indonesia , has continued to gain traction on its digital platform adoption rates and recently launched a sustainable finance framework , to finance sustainable projects and fast-track the UAE ’ s sustainability development goals .
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