Emirates NBD ranked among top 100 global banking brands: The Banker

Emirates NBD , a leading bank in the region, announced Tuesday that it has secured a spot among the top 100 global banking brands with a brand valuation of US$ 2.186 billion, in The Banker’s annual brand valuation league table.

The valuation ranks Emirates NBD as the UAE’s most valuable banking brand with a 23% increase in brand valuation from 2015.

Emirates NBD has moved up 10 places from its 2015 spot in The Brand Finance Banking 500, a prestigious ranking of the world’s 500 biggest banks, conducted by leading brand valuation consultancy Brand Finance, and published in the February edition of The Banker. The bank has been ranked 4th among all banks in the Middle East and Africa region.

Emirates NBD is the largest banking group in the UAE by total income, net profit and branch network. The bank recently reported record earnings with net profit up 39% to AED 7.1 billion for the first time in its five-decade-long history. Asset growth, an increase in income, a control on expenses and a significant improvement in the cost of risk all contributed to the bank’s robust operating performance, with total income growing 5% to AED 15.2 billion.

Emirates NBD is a market leader in the UAE with a significant retail banking and wealth management business. The bank was recently named ‘Bank of the Year – UAE 2015’ and as a first for a UAE-based bank, the highly coveted ‘Bank of the Year – Middle East 2015’ by The Banker. The awards, considered among the most prestigious by the global banking community, recognise Emirates NBD ‘s strong financials and pioneering approach to innovation in digital banking.

Emirates NBD Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.