Emirates NBD said to plan March bid for Sberbank unit

20/02/2018 05:20 AST

Emirates NBD is preparing to submit a bid for Sberbank PJSC's wholly-owned Turkish unit in March, people with knowledge of the matter said. Dubai's biggest bank is evaluating an offer for Denizbank AS, the people said, asking not to be identified because the talks are private. It could take several months before Sberbank decides whether or not to sell, they said.

Emirates NBD last month said it started preliminary discussions for the Denizbank stake. A deal for Sberbank's 99.9 per cent holding could be valued at as much as $4.12 billion, according to Bloomberg calculations. Denizbank had a book value of $3.44 billion at the end of September and Turkish banks trade at an average of 1.2 times book value, according to data compiled by Bloomberg.

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Emirates NBD closes $1bn finance deal for Dubai Metro Blue Line project

17/07/2025

Emirates NBD has concluded AED3.9 billion ($1.06 billion) Syndicated Bonding Facilities to a consortium created by MAPA, LIMAK and CRRC that will deliver the new Dubai Metro 'Blue Line' Project.

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Emirates NBD in India: Bank gets in-principle nod to set up wholly owned subsidiary

20/05/2025

The Reserve Bank of India (RBI) has given an in-principle approval to UAE's Emirates NBD Bank PJSC to set up a wholly owned subsidiary (WOS) in India.

Emirates NBD is currently conducting co

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Emirates NBD pilots new AI compliance tech to reduce risks, improve payment speed

16/05/2025

Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi

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