Emirates NBD, the largest local lender by assets, is preparing to join the race to raise fresh funds and issue bonds as credit markets show signs of easing.
The disclosure comes after the bank surprised analysts with an unexpected 3 per cent increase in third-quarter profits, compared with the same period last year.
“This is an opportunity to test the market after it was closed for the last 18 months,” said Rick Pudner, the chief executive.
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