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Emirates NBD receives Two International Awards in Washington

Financial Group Receives Best Bank in the UAE and Best Trade Finance Provider Awards for the Year 2007

Dubai, 7 November, 2007
Emirates NBD, the banking group resulting from the merger of Emirates Bank and National Bank of Dubai has received two prestigious accolades from leading industry magazine Global Finance at an awards ceremony held recently in Washington DC, USA. The awards reflect the individual strengths of the merged banks and points to continued future success.

National Bank of Dubai, an Emirates NBD company was named as Best Bank in the UAE by Global Finance Magazine for the fifth consecutive year in recognition of its growth in assets, profitability, strategic relationships, customer service and innovative products.

At the same ceremony, Emirates Bank, also an Emirates NBD Company, was named Best Trade Finance Provider in the UAE for 2007 based on its experienced professionals in trade finance and factoring combined with its understanding of both local and international trade practices, which has resulted in a significant market share of the trade finance business.

HE Ahmed Humaid Altayer, Chairman Emirates NBD said, "As leaders in the banking sector, Emirates NBD has consistently established new benchmarks within the banking industry prior to the merger and will continue to do so in the future".

Commenting on the awards and the way forward, Mr. Rick Pudner, CEO Emirate NBD said, "The Global Finance awards validate our commitment to provide the highest standards in banking services supported by robust technology, advisory and product structuring skills affirming its leadership position in the market. We are delighted to receive these esteemed awards which are a testament to our commitment to providing quality banking and innovative products to all of our customers".

Each year Global Finance magazine editors together with input from industry analysts, corporate executives and technology experts select leaders in the field of banking and finance at an international awards ceremony.