National Bank of Abu Dhabi
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| Traded as | ADX: NBAD |
|---|---|
| Industry | Banking |
| Founded | 1968 |
| Headquarters | One NBAD Tower, Abu Dhabi, United Arab Emirates. |
| Products | Loans, Savings, corporate banking, project finance, corporate advisory, treasury, leasing, property management, Islamic banking. |
| Total assets | $220.4 billion (2015) |
| Website | www |
National Bank of Abu Dhabi (NBAD) (Arabic: بنك أبوظبي الوطني) is a bank operating in the United Arab Emirates. NBAD is the largest lender bank in the Emirate of Abu Dhabi and the second largest lender in the United Arab Emirates. NBAD has the largest market capitalization among UAE banks.
NBAD’s Head Office is 1 NBAD Tower in Abu Dhabi, UAE. The Bank will build a new Head Office in Abu Dhabi’s Al Maryah Island, which will house the future Abu Dhabi Financial District.
NBAD’s line of businesses include 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.
NBAD set up a regional financial base in India in 2015 as part of its overseas expansion strategy,
NBAD has regional presence in Kuala Lumpur, Hong Kong and a representative office in Shanghai, China. The bank is 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 introducing sharia-compliant services in Oman and Malaysia.
NBAD's international branch network, the largest among UAE banks, spanned across 17 countries in five continents, from the Far East to Americas.
NBAD was founded in 1968, the emirate of Abu Dhabi’s first bank.
NBAD is the first UAE bank to expand overseas with the opening of its branch in Cairo, Egypt, in 1975. This was followed by expansion to Sudan and Oman in 1976, the UK in 1977, USA and France in 1979. Its network now reaches to 17 countries across five continents.
NBAD is a Public Joint Stock Company with majority ownership by the Abu Dhabi Investment Council (ADIC). As of 31 December 2013, 70.2% of shares are owned by ADIC and 21.9% are owned by individuals. The remaining shares are owned by Government, corporate and private institutions.
NBAD expanded outside the UAE in 1975 with the launch of its branch in Egypt. Today, NBAD operates in 17 countries through branches, subsidiaries and representative offices. Overall, NBAD has nearly 60 branches and offices outside the UAE; Hong Kong, Malaysia (subsidiary), Oman, Bahrain, Kuwait, Jordan, Egypt, Sudan, Switzerland, through its subsidiary NBAD Private Bank (Suisse) SA, France, UK, the United States through its subsidiary Abu Dhabi International Bank. NBAD also has representative offices in Shanghai, China, São Paulo, Brazil, and Beirut, Lebanon. NBAD has said its growth strategy is based on expansion across the West-East Corridor, which it defines the area stretching from West of Africa to East of Asia. It has further said that it plans to build five international bank franchises across the West-East Corridor.
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