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Published December 08, 2010

Emirates NBD growing in SEA at expense of India and Iran

Despite a 60% drop in its Q3 profits, the UAE's largest bank has converted its recently-opened representative office in Singapore to a full branch.

Date: December 08, 2010
Author: Peter Hoflich
Categories: Capital & Strategic Issues, Risk and Regulation
Keywords: Emirates NBD, UAE, Saudi Arabia, Qatar, Ahmed Humaid Al Tayer

The largest bank in the United Arab Emirates (UAE), Emirates NBD, has decided to convert its recently-opened representative office to a full branch, turning its back on older rep offices in India and Iran. Citing reasons such Singapore’s role as a hub for trade and logistics, and its usefulness as...

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