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Our Fact Sheet
Total Assets
as of June 2017
Over
Strong Credit Ratings
AED Bn
Moody’s
Fitch’s
Capital Intelligence’s
Employees
A3A+A
Branch Network
221+ Branches
ATMs & Cash
Deposits machine1023+
Emirates NBD - Leading Banking Group in the region
Our Bank Profile
Owned by
the government
Delivers values across
Wholesale, Retail, private,
Islamic and Investment Banking
India
China Indonesia
Local & Regional Presence
UAE KSA Egypt UK Singapore
Emirates NBD - Leading Banking Group in the region
Largest Banking Group in
the M.E in terms of assets
Representative offices
• Have all government documents secured on a block chain network by 2020
• To create 1000 new work examples based on the use of block chain network
• Achieve Dubai’s global leadership in the development and application of block chain network
Dubai governments vision
Technology Trends in Real Estate
• Land Registry on Blockchain
• Data driven investing
Key Market Trends
• Investment of AED 500Mn over 3 years
• Innovation labs and in-house development
• Partnership with Fintechs and technology players
Innovation Lab - ENBD Future Labs
• Emirates NBD smart cheque
• Trade Network
• Open Account Trade and Financing
Emirates NBD Use Case
How are we Innovating?
• ICCS Collect
• Smart Cash Deposit Machines
• Cash, Cheque & Document Pick-up service
• PDC Warehousing
• Local Bill / Cheque Discounting
• Domestic & International Transfers
Delivery Channels – Branch, smartBUSINESS (Web & Mobile), smartSWIFT &smartCONNECT (Host-to-Host)
Cash Management Product Offering
Real Estate Escrow
Commercial Escrow
Owners Association
What We Offer Our Services:
• Audit Reports
• Providing MIS and Reports
• Online view access to Escrow Account
Escrow Service
• Advisory Services on Laws & Regulations.
• Managing Receivables and Payables
• Escrow Reconciliation Services
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To regulate developers and safeguard investors’ money in respect of off-plan property purchase in Dubai.
To protect the investor/buyers rights
To cover all project development costs only.
Ensures transparency and visibility of funds to all parties involved
Objectives of Real Estate Escrow Account
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Developer registers with RERA and request to
open Escrow accountSend NOC letter to open / activate the account
Bank confirms
once account is
activated
1 2
3
Investors Deposit Money in the accountInvestors register in Oqoodi4
Investors
Contractors
Developer
submits
payment
request
6
Pays contractor, broker, DLD etc7
DeveloperClosure request
8
RERA
approves A/C closure
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Transfer of Profit / Reimbursements to Developer
5
10
Escrow Real Estate Stages
Why we are different in our Real Estate Escrow Services ?
People ProcessProduct/
Channels
Emirates NBD has been pioneer in the region to get RERA license to open real restate and owner association escrows.
We manage one of the largest portfolios for real estate. Our clients are dominant developers in real estate sector.
o ENBD experienced team
o Strong working relationship with the regulators
o Maintain agreed SLA for processing
o Provide operational excellance
o Escrow Management System available for ease in tracking and maintenance of project details
o Innovative Solutions (ICCS Collect, Mobile Banking, credit card payments, etc.)