INTRODUCTION

National Bank of Abu Dhabi, a full-service bank, is one of the largest banks of the United Arab Emirates (UAE).

NBAD provides a range of banking and related financial services including Shari'ah compliant finance through an Islamic window and through its Abu Dhabi National Islamic Financial Company. It is the most international bank among the UAE banks and well-diversified with banking units in strategic locations worldwide. The bank has been listed on the Abu Dhabi Securities Exchange (ADX) since inception of the Exchange in November 2000 (stock code NBAD).

The bank's equity is 70.48% held by the government through Abu Dhabi Investment Council (ADIC) and the rest is publicly held. Foreign ownership is limited to 25% of the total shareholding. NBAD reports financial results on a quarterly basis and its financial year-end is December.

Ranked by assets and earnings NBAD is the second largest UAE bank with total assets of about AED256bn (US$70bn) and a market capitalization of AED31.4bn (US$8.6bn) as at 31 December 2011. NBAD employed 5,669 people as at 31 December 2011.

NBAD's long-term ratings are: Moody's Aa3, Standard & Poor's A+ and Fitch AA-. This is one of the strongest combined ratings among the Middle Eastern and North African (MENA) financial institutions.

The UAE sovereign ratings are: Moody's Aa2, Standard & Poor's AA and Fitch AA (S&P and Fitch rating for Emirate of Abu Dhabi).

More on NBAD’s organisation & management