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MarketScreener Homepage  >  Equities  >  Dubai Financial Market  >  Emirates NBD Bank    EMIRATESNBD   AEE000801010

EMIRATES NBD BANK

(EMIRATESNBD)
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End-of-day quote. End-of-day quote Dubai Financial Market - 10/19
10.05 AED   0.00%
01:37aDubai wealth fund readies bonds, COVID-19 may hit revenue
RE
10/15EMIRATES NBD BANK : quaterly earnings release
09/14Dubai's Emirates NDB signs MoU with Israel's Bank Hapoalim
RE
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Dubai's Emirates NDB signs MoU with Israel's Bank Hapoalim

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09/14/2020 | 12:28pm EDT

Sept 14 (Reuters) - The two largest lenders in the United Arab Emirates and Israel, Emirates NDB and Bank Hapoalim, signed a memorandum of understanding (MoU) as the two countries move to forge ties, a statement from Hapoalim said on Monday.

It is the first banking agreement between lenders in the two countries since they agreed to normalise ties under a U.S.-brokered accord.

"The MoU marks a historic first as the banks look to further cooperation ties following the establishment of financial and economic relations between the United Arab Emirates and Israel," the Bank Hapoalim statement said.

The UAE, along with Bahrain, is due to sign a normalisation deal with Israel on Tuesday at a White House ceremony hosted by U.S. President Donald Trump.

Israel and the two Gulf Arab nations have talked up the economic opportunities that formal relations would bring and several business cooperation agreements have already been signed.

Hapoalim led an Israeli business delegation to the UAE last week. Another Israeli bank, Bank Leumi, led a separate delegation there on Monday. (Reporting by Rami Ayyub, Editing by Stephen Farrell and Nick Zieminski)


Stocks mentioned in the article
ChangeLast1st jan.
BANK HAPOALIM B.M. -1.80% 1969 Delayed Quote.-30.02%
BANK LEUMI LE- ISRAEL B.M. -1.64% 1618 Delayed Quote.-34.57%
EMIRATES NBD BANK 0.00% 10.05 End-of-day quote.-22.69%
EURO / DIRHAM (EUR/AED) 0.48% 4.3229 Delayed Quote.4.51%
US DOLLAR / DIRHAM (USD/AED) 0.00% 3.6728 Delayed Quote.0.00%
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Financials
Sales 2020 24 006 M 6 536 M 6 536 M
Net income 2020 7 707 M 2 098 M 2 098 M
Net Debt 2020 - - -
P/E ratio 2020 9,24x
Yield 2020 2,74%
Capitalization 63 481 M 17 283 M 17 284 M
Capi. / Sales 2020 2,64x
Capi. / Sales 2021 2,67x
Nbr of Employees 0
Free-Float 38,9%
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Technical analysis trends EMIRATES NBD BANK
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 11,47 AED
Last Close Price 10,05 AED
Spread / Highest target 57,2%
Spread / Average Target 14,2%
Spread / Lowest Target -10,4%
EPS Revisions
Managers
NameTitle
Shayne Kieth Nelson Group Chief Executive Officer
Ahmed bin Saeed Al-Maktoum Chairman
Abdulla Abdulrahman Qassem Group Chief Operating Officer
Patrick Sullivan Chief Financial Officer
Rio Tinto Miguel Chief Information Officer
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