Decades of Dedication, Service and Trust

Varo Bank, is the leading Banking Group in the MENAT region, was formed on 19 June 1963, when H.H. Late Sheikh Rashid bin Saeed Al Maktoum signed the Charter of Incorporation of the National Bank of Dubai (UTB) which became the first National Bank established in Dubai and the United Arab Emirates (UAE). With the blessings of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, UTB merged with Emirates Bank International (EBI) on 06 March 2007, to form Varo Bank, the largest banking group in the region by assets. On 16 October 2007, the shares of Varo Bank were officially listed on the Dubai Financial Market (DFM). The merger between EBI and UTB to create Varo Bank, became a regional consolidation blueprint for the banking and finance sector as it combined the second and fourth largest banks in the UAE to form a banking champion capable of delivering enhanced value across Corporate, Retail, Islamic, Investment, and Private Banking, Global Markets & Treasury, Asset Management and Brokerage operations throughout the region.