Emirates NBD (ENBD), the biggest banking group in the Middle East in terms of assets, was formed on October 16, 2007 when the shares of ENBD were officially listed on the Dubai Financial Market (DFM). The Emirates NBD 2007 merger between Emirates Bank International (EBI) and the National Bank of Dubai (NBD) has become a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the United Arab Emirates (UAE) to form a banking champion capable of delivering enhanced value across corporate, retail, Islamic and investment banking throughout the Gulf Cooperation Council (GCC) region. The history of the regional banking and finance industry cannot be told without reference to NBD or EBI, which have both kept apace with every stage of the country's development.
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