Credit: Getty Images
Emirates NBD Bank PJSC s aggressive retail lending has enabled the Dubai-based bank to eclipse larger rival First Abu Dhabi Bank PJSC in the retail banking segment, but the United Arab Emirates top bank by assets has the resources to claw back market share.
The two lenders, each majority-owned by the governments of their respective emirates, dominate the UAE s banking sector. Combined, they account for 50.93% of total UAE banking assets, according to S&P Global Market Intelligence data, which also shows that the pair are the second- and third-largest banks in the Middle East and Africa by assets. Emirates NBD has expanded consumer lending, increasing the size of its retail loan book 51% to 91.7 billion dirhams in 2020 from 60.9 billion dirhams in 2017, according to the data.
Credit: Getty Images
Emirates NBD Bank PJSC s aggressive retail lending has enabled the Dubai-based bank to eclipse larger rival First Abu Dhabi Bank PJSC in the retail banking segment, but the United Arab Emirates top bank by assets has the resources to claw back market share.
The two lenders, each majority-owned by the governments of their respective emirates, dominate the UAE s banking sector. Combined, they account for 50.93% of total UAE banking assets, according to S&P Global Market Intelligence data, which also shows that the pair are the second- and third-largest banks in the Middle East and Africa by assets. Emirates NBD has expanded consumer lending, increasing the size of its retail loan book 51% to 91.7 billion dirhams in 2020 from 60.9 billion dirhams in 2017, according to the data.