Emirates NBD's top executive said on Tuesday that the takeover of local rival Dubai Bank ordered by Dubai's ruler will have a negligible impact on the lender's finances and boost its assets to nearly $80bn.

"This transaction will not affect the financial results, nor the profit and loss, and NPL (non-performing loan) percentage due to the structure and the support provided by Dubai," Emirates NBD's chief executive officer Rick Pudner told reporters during a conference call.