You are employed to one of the leading banks in Canada and one of your key client has informed you that he would like to expand his business in another country (choose a country of choice. He needs a loan of $1.5M to expand his business. Your client has asked you to recommend specific choices in terms of bank and country. Your project should include but not limited to the following:
An executive summary is required - a summary of the paper (15 marks)
(a) alleviate a financial crisis
(b) regulations in place to protect clients
(c) the risk of the country – political, economic , legal and cultural risk - 15 marks
CHOSEN COUNTRY: UAE
I need a detailed answer asap Please
Bank will be Emirates NBD
Emirates NBD, the leading banking group in the region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (NBD) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, NBD merged with Emirates Bank International (EBI) on 06 March 2007, to form Emirates NBD, the largest banking group in the region by assets. On 16 October 2007, the shares of Emirates NBD were officially listed on the Dubai Financial Market (DFM). The merger between EBI and NBD to create Emirates NBD, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across corporate, retail, private, Islamic and investment banking throughout the region.
As at 31st December 2018, total assets were AED 500.3 Billion, (equivalent to approx. USD 136 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank was declared the Most Innovative Financial Services Organization of the Year at the 2017 BAI Global Innovation Awards.
The bank currently has 230 branches and 1069 ATMs and SDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. The Group has operations in the UAE, the Kingdom of Saudi Arabia, Egypt, India, Singapore, the United Kingdom and representative offices in China and Indonesia. On 8 November 2017, it opened operations in Mumbai, India. The Mumbai branch marks Emirates NBD's fifth international branch outside of its UAE network.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform. Emirates NBD Group is an Official Premier Partner of Expo 2020 Dubai.
Currently, more than 9,000 people, representing 70 nationalities, are employed by Emirates NBD, making it one of the largest and most culturally diversified employers in the UAE. As a national banking champion, Emirates NBD is an ambassador of economic and social progress for the entire UAE to the world.
Trust Service Discretionary trusts
Advisory Services
Credit Services
D. Bank have correspondence relationship with Canadians
E. keeping on top of all the different rules and regulations can be hard work. So Emirates
NBD does what it can to help its customers understand how these changes may potentially impact their business.
You are employed to one of the leading banks in Canada and one of your key client has informed yo...
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