- UBF commends the bank’s important role in strengthening the leadership of the banking sector in the UAE.
Abu Dhabi, United Arab Emirates; 15 February 2024: On the occasion of the 60th anniversary of Emirates NBD, H.E. Abdulaziz Al Ghurair, Chairman of UAE Banks Federation, said: “UBF congratulates His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates NBD, the Board of Directors of the Bank, its management and all its employees on the 60th anniversary of the Bank. The national banking and financial institution that has established itself locally and internationally as one of the most prominent banking and financial institutions.”
“Emirates NBD is a shining example in our national banking sector. Its establishment 60 years ago reflects the distinguished partnership between the public and private sectors, a vision that has contributed to supporting the UAE’s sustainable economic and social development. Emirates NBD, along with several leading national banks, also played an important role in the UAE Banks Federation in 1982.”
Fostering Industry Excellence through Innovative Solutions
“Emirates NBD also supported the Federation’s efforts to provide an ideal platform for exchanging ideas and opinions and cooperation among members on various issues of interest to the banking sector. The bank has been contributing to the advancement of the industry by developing ideal solutions, adopting the best banking practices, and showcasing the important contributions of banking and financial institutions in supporting the sustainable development of the country under the directives of Central Bank of the UAE, which has many initiatives that focus on developing policies and frameworks to ensure the best services for customers, citizens and residents in a safe and reliable banking environment while maintaining the integrity of the banking system. This has placed the banking sector in the UAE in a leading position. “
His Excellency, the Chairman of the UAE Banks Federation, emphasized Emirates NBD’s pivotal role in bolstering the banking sector’s leadership since its inception in 1963.
The late Sheikh Rashid bin Saeed Al Maktoum signed the charter of incorporation of the National Bank of Dubai (NBD) in 1963, marking its establishment as the first national bank in the UAE. This entity later evolved into Emirates NBD following the merger with Emirates International Bank in 2007.
