Emirates NBD Bank PJSC is the state owned bank of the government of Dubai and is one of the largest banking groups in the Middle East in terms of assets.
History and profile
Emirates NBD was initially formed as the National Bank of Dubai (NBD) on 19 June 1963 by the Emir of Dubai Sheikh Rashid bin Saeed Al Maktoum, forming the first national bank established in the country. NBD merged with Emirates Bank International (EBI) in March 2007 to form Emirates NBD. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM).[3]
On 1 December 2012 Dubai Bank was acquired by Emirates NBD.[4][5][6]