Recognised as ‘Best Digital Bank in the Middle East’
Retains ‘Best Bank in the UAE’ title for fifth year running
Emirates NBD Capital named as ‘Best Investment Bank in the UAE’
Emirates NBD, one of the leading Banks in the region, has won three prestigious awards at the Euromoney Awards for Excellence in 2019, affirming the bank’s status as a digital banking leader among its peers in the region.
Emirates NBD was named ‘Best Digital Bank in the Middle East’, in recognition for its commitment to digitisation under its AED 1 billion digital transformation initiative, under which it has steadily improved its digital capabilities and technology stack. The bank implemented many significant improvements in its mobile and online banking channels in 2018, in addition to introducing new functionalities to several digital offerings for an enhanced customer experience. The award builds on the widespread industry recognition secured by Emirates NBD for the many first-to-market innovations introduced by the Emirates NBD Future Lab™, a key pillar of its digital strategy aimed at enabling and accelerating the development of next generation digital and mobile banking services across the UAE.
Emirates NBD was also awarded ‘Best Bank in the United Arab Emirates’ for the fifth consecutive year. The bank reported stellar financial performance in 2018, delivering a record set of results with net profit up 20% year-on-year to AED 10 billion in 2018. Total assets surpassed AED 500 billion for the first time in 2018, followed by AED 526 billion in March this year.
Commenting on the awards, Hesham Abdulla Al Qassim, Vice Chairman & Managing Director at Emirates NBD, said: “We are grateful to be recognised with three prestigious titles at this year’s Euromoney Awards. Our steadfast commitment to improving our digital offerings, combined with our innovation-centric culture and customer-first philosophy, has helped Emirates NBD cement its standing as a region digital banking leader. We are grateful for the tireless efforts of our employees in helping us secure this recognition, and we hope to continue to strengthen our offering to remain the bank of choice for customers in the UAE and wider region.”
Emirates NBD’s investment banking unit, Emirates NBD Capital, was named the ‘Best Investment Bank in the UAE’ at the awards ceremony. Emirates NBD Capital marked many milestones over the course of the past year, with its loan syndications platform placing over $16 billion across 28 loan deals in 2018. The bank has consistently secured a leading position in league tables for loan syndication, ranking second on the Global Bookrunner (GCC Banks) League Table during 2016, 2017 and 2018. Emirates NBD Capital has a leading position in the UAE equity capital markets as a trusted advisor to regional clients for mergers & acquisitions and other equity capital raising as well as boasting a market-leading Debt Capital Markets franchise, which closed over 25 transactions from across the GCC, Turkey, Singapore, India, China and Indonesia with an approximate issue size of over $15 billion.
“We are proud to see EmCap recognised for its expertise and track record. This recognition reaffirms our market position in the region as the “go-to” bank for local, regional and international clients seeking investment banking solutions to meet their strategic objectives,” said Hesham Al Qassim.
The recognition from Euromoney follows a range of global and regional accolades for Emirates NBD for its performance over the past year. The bank was recently named ‘Best Retail Bank in the Middle East’ and ‘Best Retail Bank in the UAE’ at The Asian Banker’s International Excellence in Retail Financial Services 2019 Awards. Emirates NBD was also ranked as the UAE’s most valuable banking brand with a USD 4.04 billion brand valuation in The Banker’s annual brand valuation league table.