ENEmirates NBD Bank (P.J.S.C.)
Two stars: an owner's home jurisdiction under increased monitoring.
Why Emirates NBD Private Banking has two stars
Emirates NBD Private Banking earns two stars. What holds the rating down: only a summary of the custody terms is public. No public policy on third-party payments or retrocessions. In its favour: no final adverse finding against this licence holder in ten years of regulatory and court records. The file does not yet show how the law protects custody assets in this centre and deposit protection for this booking unit. The rating counts only what is on file.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.
Where Emirates NBD Private Banking stands out
- No final adverse finding against this licence holder in ten years of regulatory and court records.
- A dedicated desk serves external asset managers and family offices.
- Most fees are published.
- Ownership and control are fully public.
- No politically exposed person holds a significant stake.
What to weigh
- Only a summary of the custody terms is public.
- No public policy on third-party payments or retrocessions.
- An owner's home jurisdiction is under increased monitoring for money laundering.
- This file does not yet show how custody assets are ring-fenced by law in this centre.
- The file does not yet confirm deposit protection for this booking unit.
- Services available from this centre are not published.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
Regulatory and legal record
What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.
Client experience and financial standing
What clients meet at Emirates NBD Private Banking, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
What clients report
The public sources we follow show no client complaint, court claim or incident involving this bank.
Worth raising with the bank
- Ask how far the bank's A+ rating from Fitch rests on expected government support, given that Fitch set its standalone viability rating at bbb in March 2026.
Financial standing
| Agency | Rating | Outlook | As of | Rated company |
|---|---|---|---|---|
| Fitch | A+ (viability rating bbb) | Stable | March 2026 | Emirates NBD Bank PJSC |
What Emirates NBD Private Banking charges, compared
Emirates NBD Private Banking publishes its fees. The figures below are its list prices, read on 6 November 2026 from the document linked at the foot of this section. To compare banks fairly we put every published fee in US dollars at the same indicative rates and apply it to the same reference amounts, then rate each fee against the average of the other banks that publish it. Five stars is the lowest fee, one star the highest. Terms a family actually negotiates are often different, and the bank can change its schedule at any time.
With the trades, conversions and transfers of the reference year added at list price: about USD 276,310 a year, 111 basis points.
| Fee | Emirates NBD Private Banking | Other banks | Against the others |
|---|---|---|---|
| Custody and safekeepingeffective rate on USD 25 million | 0.42% a yearEmirates NBD medium-term notes and GCC equities are exempt from custody fees. Source | 0.29% a yearaverage of 38 other banks | among the most expensive |
| Discretionary mandateeffective rate on USD 12.5 million, balanced profile | 0.53% a year Source | 1.26% a yearaverage of 25 other banks | among the lowest |
| Equity tradecommission on a USD 250,000 trade, major exchange | 1.05% Source | 0.80%average of 47 other banks | among the most expensive |
| Bond tradecommission on a USD 500,000 trade | 1.05% Source | 0.94%average of 42 other banks | above the average |
| Third party fund subscriptionfee on a USD 250,000 subscription | 2.10% Source | 1.36%average of 42 other banks | among the most expensive |
| Minimum annual feeper year, or fee below the asset threshold | USD 125 a year Source | USD 4,449 a yearaverage of 38 other banks | among the lowest |
| Outgoing international transferper transfer, standard | USD 29AED 105 Source | USD 57average of 61 other banks | among the lowest |
Not in the published schedule: advisory mandate, currency conversion, account maintenance, transfer of securities to another bank, closing the account, lombard loan margin.
Sources.
- Schedule of Fees and Charges on Portfolio Accounts (Private Banking), Effective August 2025, read on 6 November 2026
- Schedule of Fees and Charges for Banking Transactions (Private Banking), November 2024, read on 6 November 2026. All fees inclusive of VAT.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
Identity, protection and services
Legal identity
Ownership
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Financial strength, as reported
Figures for Emirates NBD Bank (P.J.S.C.) (consolidated). Sources: Emirates NBD consolidated financial statements, 31 December 2025; Emirates NBD Pillar III disclosures Q4 2025; Emirates NBD - credit ratings (Moody's upgrade 13 May 2025; Fitch affirmed 26 March 2026).
Services published for this booking unit
Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.
Access and costs
Protection of client assets
Before opening an account
- Custody agreement. Ask for the agreement covering the account you would open. Which entity holds the securities, what law governs the account, and where would the assets be held if a sub-custodian is used?
- Reporting to the family office. The bank lists a desk for external asset managers. Ask for a sample statement or data export and confirm whether it includes positions, transactions, accrued income and all currencies held.
- International payments. The fee comparison shows USD 29 for a standard outgoing transfer. Ask whether intermediary charges and FX spreads are billed separately for the currencies you use. See published fees.
Rate Emirates NBD Private Banking
If you bank with Emirates NBD Private Banking or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.
Sources
All 12 documents cited on this page, by subject.
Fees
- Emirates NBD Private Banking: Schedule of fees and charges on portfolio accounts april (PDF)cdn.emiratesnbd.com · Fees
- Emirates NBD Private Banking: Privatebanking banking transactions soc (PDF)emiratesnbd.com · Fees
Identity, ownership, finances and services
- Emirates NBD Private Banking: Emiratesnbd investor presentation 2025 q4 (PDF)emiratesnbd.com · Group parent
- Emirates NBD consolidated financial statements, 31 December 2025cdn.emiratesnbd.com · Financial strength
- Emirates NBD Pillar III disclosures Q4 2025emiratesnbd.com · Financial strength
- Emirates NBD - credit ratings (Moody's upgrade 13 May 2025; Fitch affirmed 26 March 2026)emiratesnbd.com · Financial strength
- Emirates NBD Private Banking: Private bankingemiratesnbd.com · Services
- Emirates NBD Private Banking: Advisory servicesemiratesnbd.com · Services
- Emirates NBD Private Banking: Lombard lending solutionsemiratesnbd.com · Services
- Emirates NBD Private Banking: Trust and estate planningemiratesnbd.com · Services
- Emirates NBD Private Banking: External asset managementemiratesnbd.com · Services
The bank
- Emirates NBD Private Banking, websiteemiratesnbd.com
For Emirates NBD Private Banking
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-AE-EMIRATES-NBD-2B73F1.
Reviewing this file with us
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent Emirates NBD Private Banking, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
About this file
Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.