Emirates NBD PJSC’s Chief Executive Officer Rick Pudner will leave the bank after completing his term at the end of 2013, the second such departure at United Arab Emirates’ two biggest lenders this year.
Emirates NBD PJSC reported a worse- than-expected 53 percent decline in second-quarter profit as the United Arab Emirates’ biggest bank by assets set aside money to cover bad loans including exposure to state-owned Dubai World.
Emirates NBD PJSC, the United Arab Emirates’ biggest bank by total assets, is talking with the central bank about how to conform to new caps on government lending even as the deadline to comply with the rules passed.
Emirates NBD PJSC, the United Arab Emirates’ biggest bank by assets, reported a decline in first- quarter profit that wasn’t as steep as analysts had estimated and said there are early signs of an economic rebound.
Emirates NBD PJSC Chief Executive Officer Rick Pudner said the bank is still seeking a partner for its credit card processing unit Network International LLC. Pudner was speaking on a conference call today.