Emirates NBD on Monday said it has appointed Patrick Sullivan as group chief financial officer, replacing Surya Subramanian who will leave Dubai’s biggest bank after about nine years as it announced a big jump in profit for the first nine months of 2019. Sullivan will assume the role from January 1, the lender said in a statement. Join Facebook to connect with Patrick Sullivan and others you may know. “Net interest income declined throughout 2020 due to lower interest rates but non-funded income improved in the third quarter of 2020 as volumes picked-up following the acute disruption in Q2 2020. Patrick Sullivan Create Full Profile. View the profiles of professionals named "Patrick Sullivan" on LinkedIn. The group continues to operate with strong liquidity and healthy capital ratios,” Sullivan … View Patrick Sullivan’s profile on LinkedIn, the world’s largest professional community. Patrick Sullivan | Brisbane, Australia | Customer Service Representative at CARZOOS | 124 connections | See Patrick's complete profile on Linkedin and connect A couple of components there. Emirates NBD 1H numbers: ... albeit cost reduction will not entirely offset lower levels of income,” Group Chief Financial Officer Patrick Sullivan said in the statement. Patrick Sullivan | Dundee, United Kingdom | Chaplain/Spiritual care provider at Healthcare | 385 connections | See Patrick's complete profile on Linkedin and connect The bank is seeking to raise 6.45 billion dirhams from a rights share offering as it expands abroad and courts more foreign ownership for its stock. Grâce à LinkedIn, le plus grand réseau professionnel au monde, les professionnels tels que Patrick Sullivan peuvent découvrir des suggestions de candidat, des experts dans leur domaine et des partenaires commerciaux. If we are all ready to begin, I will now pass the call over to our host, Mr Shayne Nelson, Group CEO of Emirates NBD. View Patrick Sullivan’s profile on LinkedIn, the world’s largest professional community. Emirates NBD launches digital Supply Chain Financing platform As part of its ongoing digitisation strategy, Emirates NBD, a leading bank in the MENAT (Middle East, North and Turkey) region has launched a digital Supply Chain Financing platform for its corporate and institutional clientele. Net profit for three months to the end of March declined to Dh2.1 billion, the lender said in a statement to the Dubai Financial Market, where its shares trade. Emirates NBD on Monday reported 63% jump in nine-month net profit to 12.5 billion dirhams ($3.4 billion), helped by a one-time gain from a stake sale in its card payments processing unit. “Emirates NBD has a good underlying operating performance, coupled with a robust balance sheet to help navigate these challenges. Hesham Abdulla Al Qassim, Vice Chairman and Managing Director, Emirates NBD said: ... Patrick Sullivan, Group Chief Financial Officer said: “The operating profit of AED 6.1 billion in the first nine months of 2020 was resilient given the challenging operating environment. View Patrick Sullivan’s profile on LinkedIn, the world’s largest professional community. (Bloomberg) -- Emirates NBD PJSC set aside a record amount of provisions to cover bad loans, giving investors a glimpse of the damage the coronavirus and lower oil prices are wreaking on lenders in the Gulf. Voir le profil professionnel de Patrick Sullivan sur LinkedIn. He replaces Surya Subramanian, who had a nine-year stint with the group. Patrick Sullivan is on Facebook. Patrick Sullivan – Emirates NBD – Group CFO Patrick Clerkin – Emirates NBD – Head of Investor Relations PRESENTATION Operator Ladies and gentlemen, welcome to the Emirates NBD Q1 2020 Results Announcement, Analyst and Investor call and webcast. There are 2,300+ professionals named "Patrick Sullivan", who use LinkedIn to exchange information, ideas, and opportunities. Emirates NBD’s total assets at the end of the first quarter climbed to Dh691.7bn, up 1 per cent from the end of 2019, while loans also climbed by 1 per cent to Dh443bn for the period. Net interest income increased 36% y-o-y and non-funded income grew 24% y-o-y with the acquisition of DenizBank in 2019. Patrick Sullivan | Ireland | IT Consultant at Zarrdia Limited | 143 connections | See Patrick's complete profile on Linkedin and connect Net interest margin of 2.48 per cent reresented a 35 basis point decline from a year ago, "as lower interest rates fed through to loan book". Emirates NBD Bank PJSC (ENBD), UAE - Key People, Directors and Officers. Patrick Sullivan News including daily updated Middle East Patrick Sullivan News, Gulf Investment & Financial headlines, Latest Banking News, Top Financial News, Online Banking & UAE Financial Services News Find also International & World Banking & Finance Industry News Emirates NBD, the biggest lender by assets in Dubai, reported a 24 per cent year-on-year decline in its first quarter net income as it increased provisions for potential bad loans amid the coronavirus pandemic. Patrick has 2 jobs listed on their profile. Patrick has 10 jobs listed on their profile. Patrick has 15 jobs listed on their profile. Group Chief Financial Officer. DUBAI: Emirates NBD, a leading banking group in the region, delivered a net profit of AED 4.1 billion for the first half of 2020 ending June 30, 2020, a news release said. The Emirates NBD has appointed Patrick Sullivan as Group Chief Financial Officer. (Bloomberg) -- Emirates NBD PJSC appointed Patrick Sullivan as group chief financial officer, replacing Surya Subramanian who will leave Dubai’s biggest bank after about nine years. See the complete profile on LinkedIn and discover Patrick’s connections and jobs at similar companies. Sullivan will assume the role from January 1, the Dubai government-controlled lender said in a statement on Monday, without giving more information about where Sullivan will join from. View Patrick Sullivan’s profile on LinkedIn, the world’s largest professional community. DUBAI: Dubai’s biggest bank Emirates NBD on Monday posted a 58 percent fall in second-quarter profit, having set aside over $1.1 billion so far this year to cover bad loans in anticipation that the impact of the coronavirus crisis will worsen. Emirates NBD Bank PJSC . Emirates NBD group CFO Patrick Sullivan said: “The operating profit of AED 6.1 billion in the first nine months of 2020 was resilient given the challenging operating environment. ----- Patrick Sullivan, Emirates NBD Bank PJSC - Incoming Group CFO [45] ----- Okay. Emirates NBD said its impairment allowances had increased to 4.2 billion dirhams by June-end from 2.6 billion in the first quarter, with an annualized net cost of risk of 172 basis points. Emirates NBD reported on Monday a 45.3 per cent plunge in net profit to Dh4.1 billion for the first half of 2020 due to higher impairment charges. Patrick has 3 jobs listed on their profile. See the complete profile on LinkedIn and discover Patrick’s connections and jobs at similar companies. See the complete profile on LinkedIn and discover Patrick’s connections and jobs at similar companies. 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