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NBAD
First Abu Dhabi Bank (FAB) ( ar, بنك أبوظبي الأول) is the largest bank in the United Arab Emirates. It was formed following a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD). FAB offers financial solutions, products and services through its Corporate and Investment Banking and Personal Banking franchises. Headquartered in Abu Dhabi in Khalifa Business Park, the bank has a presence in five continents: Asia Pacific (APAC), Europe, Americas, Middle East and Africa (EAMEA). History First Abu Dhabi Bank was formed as a result of a merger between FGB and NBAD. On 3 July 2016, the two UAE banks announced that their boards of directors had voted unanimously on the recommendation to shareholders for the merger of the two entities. The transaction was approved by the respective shareholders on 7 December 2016. The transaction was executed through a share swap, with FGB shareholders receiving 1.254 NBAD shares for each FGB share they held. The mer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Abu Dhabi
National Bank of Abu Dhabi (NBAD) ( ar, بنك أبوظبي الوطني) was a bank operating in the United Arab Emirates (UAE) until it merged with the First Gulf Bank in December 2016 to form First Abu Dhabi Bank. NBAD was the largest lender bank in the Emirate of Abu Dhabi and in the United Arab Emirates. NBAD had the largest market capitalization among UAE banks. NBAD's line of businesses included a whole range of retail banking, corporate, wholesale and investment banking, wealth management and private banking; as well as Islamic banking, brokerage, property management and leasing. In 2015 NBAD set up a regional financial base in India as part of its overseas expansion strategy, NBAD had regional presence in Kuala Lumpur, Hong Kong and a representative office in Shanghai, China. The bank was also expanding to the South Korean market to expand its presence in Asia. In October 2012, the bank announced that it is planning to triple its contribution from Islamic banking by i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |