Thirty years ago, the late HH Sheikh Rashid Bin Saeed Al Maktoum issued a decree establishing Union Bank of The Middle East. This was followed by the Government of Dubai’s plan to consolidate the banking sector by merging Union Bank of The Middle East with Dubai Bank Ltd. and Emirates National Bank Ltd. The new banking entity that resulted is Emirates Bank International. In 1991, Emirates Bank took over Middle East bank.

Emirates Bank has grown fast to become one of the largest 3 banks in the UAE and one of the most profitable. The Bank’s range of offerings expanded to include conventional and Islamic commercial banking, Investment services, property development, insurance, credit card and brokerage services. The bank’s branch network spread over to cover several regional and international markets including Riyadh, London, Tehran, Mumbai and Singapore. The bank also established regional and global strategic alliances through acquiring a stake in Bank of Beirut and Al Baraka Banking Group.

Emirates Bank was aware very early of its leading role in the development of the UAE economy. The bank was active in launching major business initiatives that contribute to the growth of the National economy and in taking part in the financing of the nation’s major projects. Emirates Bank also demonstrated a remarkable commitment towards Corporate Social Responsibility (CSR) through the launch of several initiatives. This includes the establishment of Al Tomooh Scheme for Financing Young National Entrepreneurs and the support the bank provided to a variety of educational, philanthropic, sporting and cultural activities.

In 2007, Emirates Bank reached to the peak of its achievements. The bank’s annual financial results were unprecedented; it won Mohamed Bin Rashid Al Maktoum Award (MRM Award) in the finance category, and was presented with many accolades in a variety of banking domains. These achievements enticed Emirates Bank to continue with its progressive march with high strength and efficiency.