Emirates NBD Private Banking’s retail banking and wealth management division generated its highest-ever revenue and strongest loan growth during the awards period and the firm is named Euromoney’s best private bank in the Middle East this year.
Revenue reached Dh16.2 billion ($4.4 billion), with lending up by 18% to Dh114 billion. Total income grew by 48% over 2022, thanks to the bank’s efforts to expand its geographic footprint, particularly in Saudi Arabia.
The bank has a network of relationship managers and investment advisers across the UAE, Saudi Arabia, UK, Singapore and India, and combines this local expertise with a global outlook across asset classes, sectors and geographies.
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Judges were impressed by several aspects of Emirates NBD Private Banking’s offering and the bank takes away two further regional award categories this year – best private bank for digital and best private bank for UHNW.
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