30 Years of Achievements and Leadership - Emirates Bank

United Arab Emirates28 August 2007Draft

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. Souvenir sheet: AED 15. Size: 42 x 32.25 mm and 42 x 42 x 42 mm in sheets of 20 stamps.