Emirates NBD

The framework is designed to support corporate and institutional customers as they transform their businesses towards more sustainable models

Under the agreement, Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio, including its associated branch and ATM network, customer base and relevant employees

The sale process was stalled earlier this year after bids submitted in March by Fairfax and Emirates fell short of the government’s expectations

The partnership is designed to simplify the property purchasing process while providing greater payment assurance throughout development and delivery phases

Upon completion, Emirates NBD will be classified as the promoter of RBL Bank, which will operate as a foreign bank subsidiary under the Reserve Bank of India framework

A Visa NNSS Settlement Agent, typically a licensed bank or financial institution, facilitates local settlement for participating Visa clients by managing fund transfers for domestic Visa transactions

The issuance forms part of Emirates NBD’s broader capital optimisation strategy and reinforces its position as a benchmark issuer

Dubai lender begins investor roadshow for new dollar bond in first regional deal since Iran war

The UAE’s banks are re-architecting core systems around cloud, APIs and data platforms to enable real-time, mobile-first finance

Current foreign ownership in state-run banks ranges from a high of about 12 per cent in Canara Bank to near zero in UCO Bank as of September 30