Emirates NBD enables UAE's first eIPO on ATM and Online Banking Channels

1 Min | 11 September 2014

Emirates NBD announced today that it had become the first bank in the UAE to enable the eIPO platform

Dubai, Sep 11, 2014: Emirates NBD announced today that it had become the first bank in the UAE to enable the eIPO platform allowing customers to subscribe to IPOs via the bank's ATM or online banking channels. The brand new electronic subscription platform, will be available with the launch of the upcoming Emaar Malls IPO starting Sep 14, 2014.

Speaking on this occasion, Abdulla Qassem, Group Chief Operating Officer – Emirates NBD, said: "Emirates NBD is delighted to be the first bank in the UAE to offer its customers this convenient channel, enabling them to subscribe easily and securely to IPOs, starting with the Emaar Malls IPO. We have worked closely with the Dubai Financial Market (DFM) team to enable our existing online and ATM platforms to offer our customers the very best in flexibility, convenience and useful on-the-go IPO subscription services."

This new service reiterates Emirates NBD's commitment to offer customers innovative services by incorporating cutting-edge technology. The eIPO service enables customers to subscribe to the IPO using their Emirates NBD debit card, National Investor Number (NIN) and the amount to be invested. Customers can also apply for family members and friends, thus avoiding delays and queuing in branches.

Emirates NBD offers cutting-edge banking services through highly secure applications, which customers can avail from anywhere, anytime in the world, through any connected device: smartphone, tablet, personal computer and telephony (IVR).

Technology innovation and adoption are a key priority for Emirates NBD. In the recent past, the bank has made significant investments in new technologies and launched an array of innovative online-only products, resulting in significant adoption of the bank's digital banking services.

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