December 08, 2016 7:56 PM ET

Banks

Company Overview of Noor Bank PJSC

Company Overview

Noor Bank PJSC provides personal and corporate banking, wealth management, insurance, treasury, and trading services. Its personal banking services include personal accounts, credit cards, deposits, safe deposit lockers, personal finance, home finance, auto finance, donations, and mutual funds. The company’s corporate banking services comprise corporate accounts, corporate deposits, corporate finance, global transaction, trade services, Islamic factoring, and customer services. It also offers wholesale banking services, such as investment banking and treasury services. In addition, the company provides business banking services, including cash management, structured products, and hedging sol...

Building 1, Level 8

Emaar Square

Downtown Dubai

PO Box 8822

Dubai,  

United Arab Emirates

Founded in 2007

Phone:

971 4 4268888

Fax:

971 4 3456789

Key Executives for Noor Bank PJSC

Chief Executive Officer, Director and Group Chief Executive Officer of Noor Investment Group LLC
Age: 59
Chief Operating Officer and Deputy Chief Executive Officer of Noor Investment Group LLC
Head of Treasury Sales
Head of Sukuk Desk
Head of Money Markets
Compensation as of Fiscal Year 2016.

Noor Bank PJSC Key Developments

Noor Bank Announces Earnings Results for the Year Ended December 31, 2015

Noor Bank announced earnings results for the year ended December 31, 2015. For the year, the company reported a net operating profit of AED 561 million, up 40% compared to 2014. The bank attributed increase in profitability to a 73% surge in fee and commission income and a 35% rise in net income from financing. Operating income was AED 1,397 million, a robust growth of 38% in comparison to 2014. Return on equity stood at 16.5% as of December 31, 2015.

Noor Bank Announces Earnings Results for the Nine Months Ended September 30 2015

Noor Bank announced earnings results for the nine months ended September 30 2015. The company posted a net profit of AED 451 million for the nine months ended September 30 2015 an increase of 43% from the same period last year. Earnings were bolstered by a 41% increase in net income from Islamic financing and a 44% jump in net fees and other income generated across all business segments. The bank's return on equity increased to 18.0% compared to 16.2% same period last year whereas capital adequacy ratio stands at 15.0% as of September 30 2015 depicting strong capitalization with the ratio being well above regulatory levels.

Noor Bank PJSC Presents at 7th World Islamic Retail Banking Conference 2015, Nov-17-2015 through Nov-18-2015

Noor Bank PJSC Presents at 7th World Islamic Retail Banking Conference 2015, Nov-17-2015 through Nov-18-2015. Venue: Taj Dubai Hote, Burj Khalifa Street, Dubai 8489, United Arab Emirates. Presentation Date & Speakers: Nov-18-2015, Fraz Chisti, Head of Customer Experience, Waleed Barhaji, Business Head of Consumer Finance.

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Recent Private Companies Transactions

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