Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (Menat) has become the first regional bank to launch a physical service of gold and silver bullion in international markets. This offer of milestones allows customers to buy, trade and store safely, positioning NBD Emirates at the top of precious metal innovation and reinforce their role as a reliable financial partner in the global bullion space.
Run at the beginning of May 2025, the first installation of its kind supports the refining and sale of gold according to the Association of Bullios de Bullio de Oro and Silver London (LBMA) and the standards approved by UAEBG. Integrated within a bank frame, the service rebukes as a milestone for a regional financial institution and positions Emirates NBD as an accessible and reliable service provider that operates in the heart of the rapid development market for safe assets.
When establishing Emirates NBD as the linges partner of choice, the service will offer an integral range of products to customers of corporate, institutional and retail banking of Emirates NBD.
With the launch of its Lingo Service, Emirates NBD is totally aligned with the comprehensive and prospective policy of the EAU to expand its position as a leading gold trade destination. Currently, between 20 and 30% of the world’s gold passes through Dubai, placing the Emirate among the three best gold centers in the world in Switzerland and London. The new service skillfully supports Emirates NBD on the Waveing strategy to expand its growth footprint in the locations and increases its value proposition as the single window for customers looking for various and reliable investments.
The largest Bank of the EAU, Emirates NBD, will involve linges customers by offering market competitive prices, market and silver lease rates based on the market, as well as short -term liquuidity solutions with precious metals as a guarantee. The availability of fully supported gold certificates, safe and exchangeable means that customers can have gold stored in safe vaults without physical possession, which allows them to buy, sell or compromise certificates as a guarantee in the market.
Ahmed al Qassim, head of the wholesale banking in Emirates NBD, said: “The launch of the new NBD Emirates Linghes Service is part of our onboing vision to diversify, expand and evolve the range of services and custody that are different from the unique offer of the metal region. Simultaneously, helping to strengthen the state of the EAU as an important and vibrant gold shopping center.
Ammar to the HAJ, treasurer of the group and head of global markets at Emirates NBD, said: “As the EAU, and Dubai in particular, they have become one of the most important destinations for the gold trade, it is essential that Thatte Threte Thinte Thinte -Off off of the clients Thrurgh Thrurgh Thrurgh’s Thurg innovation, scale and scale Customer customers.
Interested clients are encouraged to connect with their bank relations manager to explore how they can benefit from this service.
