UAEJan. 23, 2025
Emirates NBD: A Landmark Achievement as 'Bank of the Year in the UAE 2024' and 'Best Private Bank in the UAE'
Emirates NBD, one of the leading banking institutions in the MENAT region, has once again raised the bar with two prestigious accolades at The Banker’s 2024 Awards. The bank has been named both ‘Bank of the Year in the UAE 2024’ and ‘Best Private Bank in the UAE’, cementing its leadership in the competitive banking sector.
Leading the Charge in Banking Innovation
Being recognized as the ‘Bank of the Year in the UAE’ is no small feat. This award acknowledges Emirates NBD’s impressive performance and its consistent drive to innovate. The bank reported an outstanding profit of AED 19 billion in the first nine months of 2024, setting a new benchmark for success. But the accolades don’t stop there—the bank has also expanded its footprint internationally, with the addition of nine new branches in Saudi Arabia, bringing its total presence to 21 branches across 10 cities. This international growth reflects Emirates NBD’s expanding influence in the region and its ambition to serve an even wider base of customers.
The focus on innovation is a cornerstone of Emirates NBD's strategy. With a strong emphasis on technology, the bank has made significant strides in AI-driven software development and a modernized core banking system. This ensures that the bank is not only efficient but also equipped to meet the evolving needs of its customers.
Pioneering Digital Transformation
One of the standout achievements of Emirates NBD has been its commitment to digital transformation. In 2023, the bank launched the ENBD X wealth platform, a state-of-the-art platform that offers a wide range of financial instruments to over 1.4 million mobile app users. This launch is a clear indication of how Emirates NBD is embracing digital technology to enhance customer experience and broaden access to banking solutions.
Moreover, the bank's digital-first approach has been complemented by its commitment to sustainability. Emirates NBD has made great strides in aligning its operations with global sustainability goals, improving its ESG (Environmental, Social, and Governance) ratings, and issuing a USD 750 million Green Bond. These initiatives demonstrate the bank’s ongoing dedication to creating long-term value for its stakeholders while adhering to sustainability principles.
Excellence in Private Banking
Along with its recognition as ‘Bank of the Year in the UAE’, Emirates NBD was also honored as the ‘Best Private Bank in the UAE’. This award highlights the bank’s ability to offer bespoke investment solutions and superior advisory services, ensuring that its high-net-worth clients receive personalized, top-tier financial guidance. Whether it's wealth management, investment advice, or tailored financial planning, Emirates NBD has shown an unwavering commitment to providing exceptional services for its private banking clients.
A Track Record of Excellence
These recent honors only add to Emirates NBD’s already impressive list of achievements. The bank has previously earned multiple Euromoney Awards for Excellence, as well as several accolades at the Bonds, Loans & Sukuk Middle East Awards 2024. With a strong focus on innovation, sustainability, and customer satisfaction, Emirates NBD is consistently pushing the boundaries of what it means to be a leader in the financial sector.
Looking Ahead
As Emirates NBD continues to expand its international presence, refine its digital offerings, and focus on sustainability, its future looks brighter than ever. These prestigious awards are a testament to the bank’s strategic vision and its dedication to driving positive change within the banking industry.
Stay tuned for more exciting developments from Emirates NBD, as they continue to set new standards in the financial world.