Notifications about this have already begun to be received by clients from the Russian Federation, they receive messages with a warning about transferring their assets to separate accounts. This is where all payments on their titles will go, according to the Russian edition of Forbes. After that, Russians will no longer be able to withdraw them to their own account in ENBD.
The messages include a clarification that the transfer of assets will be completed if the bank’s customers are not residents of the EU, European Economic Area or Switzerland. The source of the publication clarified that the bank, located in the commercial center of the United Arab Emirates, the emirate of Dubai, uses the services of the European depositories Clearstream and Euroclear and is obliged to comply with their requirements, and this restriction has was adopted in accordance with a certain “European directive”.
Earlier, Gulf News reported that the management of Emirates NBD announced a 40% increase in profits for 2022. The company is included in the list of the thirty largest banks in the Middle East. Total assets increased by 8% to reach 742 billion dirhams ($202 billion) at the end of 2022, while the bank also benefited greatly from an active role in the series of Dubai IPOs recorded during this period.
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