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Emirates Development Bank P.J.S.C. (United Arab Emirates)

Main Activities: Commercial Banking
Full name: Emirates Development Bank P.J.S.C. Profile Updated: August 10, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Emirates Development Bank P.J.S.C. is a financial institution located in Abu Dhabi, United Arab Emirates. It was established in 2015 under the patronage of His Highness Sheikh Mansour bin Zayed Al Nahyan. The bank plays a crucial role in the UAE's economic diversification and industrial transformation agenda, aiming to build a knowledge-based economy. It focuses on supporting the growth of the UAE's economy and post-COVID recovery, contributing to the development of the national industrial ecosystem in key sectors such as manufacturing, healthcare, renewables, food security, and technology. The bank also provides funding support to small and medium-sized enterprises (SMEs) owned and managed by both UAE nationals and residents. Additionally, Emirates Development Bank emphasizes entrepreneurship, innovation, and the adoption of advanced technologies. The bank has two operational branches in Abu Dhabi and Dubai and offers a digital platform to provide customers with financial and non-financial services, ensuring faster transactions and efficient service delivery.

Headquarters
Aradah Road
Abu Dhabi; Northern Emirates; Postal Code: 51515

Contact Details: Purchase the Emirates Development Bank P.J.S.C. report to view the information.

Website: http://www.edb.ae

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2015
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Subsidiaries
Emirates Integrated Registries Sole Proprietorship L.L.C
100%
Company Performance
Financial values in the chart are available after Emirates Development Bank P.J.S.C. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net interest income
59.57%
Operating profit (EBIT)
17.2%
Net Profit (Loss) for the Period
17.2%
Total assets
13.6%
Total equity
2.67%
Total Assets Trend
-19.87%
Net Interest Income Trend
N/A
Loans to Deposits Ratio
-426.88%
Loans to Asset Ratio
-0.35%

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