Emirates NBD Bank PJSC—established in 2007 via the merger of Emirates Bank International and National Bank of Dubai, the second- and fourth-largest banks in the United Arab Emirates—is a leading banking group in the United Arab Emirates and the Gulf Cooperation Council region. The bank, which has US$90 billion in assets and more than 9,000 employees representing 60 nationalities, operates in the United Arab Emirates, Egypt, Saudi Arabia, Qatar, Singapore, Great Britain, and the isle of Jersey, and it has representative offices in India, Iran, and China.
Emirates NBD Bank delivers enhanced value across corporate, retail, Islamic, and investment banking throughout the Gulf region. As of December 31, 2012, customer loans and customer deposits totaled approximately US$58 billion. With a total capital adequacy ratio of 20.6% and a tier-1 capital ratio of 13.8%, the bank fulfills capitalization requirements as defined by the Basel Committee on Banking Supervision under Basel II.
“Oracle E-Business Suite 12.1.3 offers amazing flexibility—in addition to a robust set of standard features and unlimited scalability. If something is not available out-of-the-box, Oracle’s framework allows you to build any extension without incurring further license costs or buying additional hardware. We developed a number of extensions under the Oracle umbrella and they are all supported by Oracle. Last but not least, Oracle offers true end-to-end IT solutions that no one else can provide. Today, we have everything on premises, but in the future we will establish a hybrid solution or move entirely to the cloud. The only manufacturer capable of offering proven and robust solutions in this area is Oracle. It is many years ahead of the competition,” said Paul Butres, senior project manager, Oracle ERP Applications, Emirates NBD Bank PJSC.
Oracle Consulting performed the initial rollout of Oracle Human Resources 2007. At that point, Emirates NBD Bank was the first company in the Middle East to implement Oracle E-Business Suite Release 12. The bank worked with Oracle Platinum partner Mahindra Satyam for the next phase, which included deploying Oracle Financials and Oracle Advanced Supply Chain Planning. An in-house team upgraded to Oracle E-Business Suite Release 12.1.3 and implemented Oracle iLearning, Oracle iProcurement, Oracle iRecruitment, and Oracle Performance Management. Oracle E-Business Suite Release 12.1.3 and Oracle Database Enterprise Edition, 11g went live in June 2012 after five months of preparation.