Ratings agency Capital Intelligence (CI) has given Emirates NBD’s financial strength a strong rating of A1 with a stable outlook, reported Al Bayan newspaper, adding that this follows the Bank’s efficient capitalisation, high operational profit, improved liquidity and high market stake, particularly in the emirate of Dubai.

Moreover, the strong support factors and low bad-loan rate have contributed to the rating. CI maintained its long-term credit rating for the foreign currency at A1. Moreover, it highlighted that Emirates NBD is a major player in the local market.

Liquidity rates have improved during 2013 and during the first half of 2014, reflecting a strong growth in customers’ deposits, particularly in the demand and savings accounts for the Bank, CI noted.

It is worth noting, that Emirates NBD recently announced that its Board of Directors will convene on Tuesday, October 21, 2014 at 3:00 pm to approve the Bank’s financials for the third quarter of 2014, ending September 30, 2014.

Emirates NBD had reported a net profit of AED 2.35 billion during the first six months of 2014, compared to AED 1.8 billion during the same period in 2013, registering a profit surge by 30%.