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

EMIRATES NBD BANK

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Dubai's Emirates NDB signs MoU with Israel's Bank Hapoalim

09/14/2020 | 12:28pm EST

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)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANK HAPOALIM B.M. -0.80% 2367 Delayed Quote.7.64%
BANK LEUMI LE- ISRAEL B.M. -0.29% 2079 Delayed Quote.10.00%
EMIRATES NBD BANK 0.00% 11.45 End-of-day quote.11.17%
EURO / DIRHAM (EUR/AED) -0.64% 4.4345 Delayed Quote.-0.51%
US DOLLAR / DIRHAM (USD/AED) 0.00% 3.6728 Delayed Quote.0.00%
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Financials
Sales 2020 23 815 M 6 484 M 6 484 M
Net income 2020 6 749 M 1 837 M 1 837 M
Net Debt 2020 - - -
P/E ratio 2020 11,0x
Yield 2020 2,41%
Capitalization 72 325 M 19 691 M 19 692 M
Capi. / Sales 2020 3,04x
Capi. / Sales 2021 3,03x
Nbr of Employees 0
Free-Float 38,9%
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Emirates NBD Bank Technical Analysis Chart | EMIRATESNBD | AEE000801010 | MarketScreener
Technical analysis trends EMIRATES NBD BANK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 11
Average target price 12,11 AED
Last Close Price 11,45 AED
Spread / Highest target 39,7%
Spread / Average Target 5,72%
Spread / Lowest Target -6,99%
EPS Revisions
Managers and Directors
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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