Emirates NBD PJSC

Beginning of cooperation Last contact Last update
March, 2008 October, 2018 July, 2018

GSL reference about the bank

Being professional intermediaries, we are limited in giving public opinion about some financial institutions. Please contact us directly to obtain more detailed feedback.

Emirates NBD is the region’s leading bank, with all the benefits and drawbacks of an Arab bank.
Rest assured that the bank will carefully review the documents of the potential client and will ask for a detailed business description. The simpler and clearer the above is for the bank, the higher the client’s chances are to have an account opened. Unfortunately, the relation works the other way round just as well  

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    Bank's characteristics

    General information and rating

    Global rating Countrywide rating Countrywide rating of the head bank Global rating of the head bank Credit rating
    239 1 — — D
    Year of foundation 2007
    History Emirate NBD was formed in October 2007 following the merger of Emirates Bank International (EBI) and National Bank of Dubai (NBD) and immediately became the largest (in terms of assets) Persian Gulf bank with total market capitalization of USD 11.3 billion. And retains this status to date. The bank has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, the United Kingdom, Singapore, and Jersey, and has representative offices in India and Iran
    Personnel The bank does not have Russian-speaking staff
    Bank’s shareholders Investment Corporation of Dubai (UAE) - 55,64%; Public - 44,36%
    Confidentiality AML legislation is strictly observed

    Minimum requirements

    Minimum balance, € Transactions permitted per month Initial deposit of funds, € Deadline for the initial deposit, month Minimum turnover, €/year
    2 000 No restrictions 0 No restrictions 24 000
    Minimum balance, € The minimum balance of the account is EUR 600 (for personal accounts) and EUR 2000 (for corporate accounts)
    Transactions permitted per month There are no restrictions on the number of transactions
    Initial deposit of funds, € There is no initial deposit
    Deadline for the initial deposit, month No deadlines
    Minimum turnover, €/year The minimum turnover (for corporate accounts only) is EUR 24 000 per year
    How fast payments are executed The payments are executed same day

    Tariffs and services

    Outcoming transfer, € Incoming transfer, € Account maintenance, €/year Payment limit for credit cards, €/day Funds to be blocked for CC issue, €
    20 12 240 0 0
    Outcoming transfer, € Any 5 transactions per month are free of charge, every transaction beyond that – EUR 2
    Incoming transfer, € Any 5 transactions per month are free of charge, every transaction beyond that – EUR 2
    Account maintenance, €/year For personal accounts – free of charge; for corporate accounts – EUR 20 per month
    Payment limit for credit cards, €/day None
    Funds to be blocked for CC issue, € None
    Distant access to the account Via fax, phone, and email
    Financial products The bank offers a wide range of banking and financial services, including bank accounts for corporate and individual clients, private banking, asset management, investments, and loans
    Credit/debit cards VISA, MasterCard

    Account opening procedure

    Days to open for incoming transfers Days to open for outcoming transfers References Business description Purpose of the account
    case by case case by case Not necessary Detailed Savings & current
    Visit to the bank No visit to the bank is required to open a corporate account, but a visit is necessary to open a personal account
    Required For corporate accounts (accounts are opened to local companies only): legalized copies of all constitutive documents of the resident company, including documents for shareholders and beneficial owners (the UAE is not party to the Hague Convention, which abolishes the legalization of foreign public documents). For personal accounts: a copy of internal and international passport (preferably with stamps to confirm entry into the UAE)
    Types of accounts Personal; Corporate; Savings; Current
    Opening procedure and Due Diligence It is possible to open an account without visiting the country where the bank is located; It is possible to open an account without meeting the banker
    Chances to open an account Predictable
    Business description Corporate accounts are currently opened to local residents only
     
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