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| NBAD GROUP CHIEF EXECUTIVE NAMED CEO OF THE YEAR IN MIDDLE EAST:
Global Investor Magazine, published by Euromoney, the prestigious international magazine covering banking and capital markets, has named Michael H. Tomalin, the Group Chief Executive of the National Bank Abu Dhabi (NBAD), the CEO of the Year in the Middle East.
Mr. Tomalin has more than 30 years of experience in international wholesale and private banking spanning Europe, the Caribbean, the Far East, Australia, and the Middle East.
He joined NBAD as Chief Executive in 1999. D...
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| 41 |
| NBAD RANKED BEST FINANCIAL INFORMATION WEBSITE IN MIDDLE EAST:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has been ranked for the second consecutive year the Best Financial Information website in the Middle East in an annual survey by an independent company.
NBAD finished first in Hallvarsson & Halvarsson’s survey of journalists, analysts, and investors in its H&H Webranking evaluation 2011. To rank companies, H&H uses 140 criteria to determine which company's website best meets the market’s demands in disclosure of inf...
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| 39 |
| NBAD LEADS NEXT GENERATION BRANCHES:
Abu Dhabi/Dubai (October 19th, 2011) - The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, launched a state-of-the-art branch that brings ground-breaking concepts to consumer banking.
H.E. Sultan Bin Rashed Al Dhaheri, NBAD's Board Member; Michael Tomalin, the Group Chief Executive of NBAD; Abdulla Ghobash, NBAD's Regional Manager in the Northern Emirates; Saif Al Shehhi, the Senior General Manager of the Domestic Banking Division of NBAD; and senior executives of th...
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| 38 |
| NBAD CELEBRATES 1500 YEARS OF BANKING EXPERIENCE:
Abu Dhabi (September 22nd, 2011) - The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, recently honoured 81 long-serving NBAD employees for their loyalty and dedication to the Bank.
Twelve of the staffs honoured completed 35 years, 10 celebrated 25 years, and 59 marked 15 years with NBAD. Speaking at the event to honour veterans, Michael H. Tomalin, the Group Chief Executive of NBAD, commented that if one cumulated the combined service of the 81 long serving staff it ...
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| 37 |
| TOP 50 SAFEST IN THE WORLD: NBAD SAFEST BANK IN MIDDLE EAST::
Abu Dhabi (August 23, 2011) - The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has been ranked for the third year in a row one of the “World’s 50 Safest Banks” and the safest bank in the Middle East by Global Finance.
In a year characterised by economic and geo-political turbulence, NBAD’s ranking amongst the “World’s 50 Safest Banks 2011” is a reflection of the Bank’s robust management and vitality. Moreover for the first time NBAD is now ranked the safest bank in the ...
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| 35 |
| NBAD NAMED BEST RISK MANAGEMENT IN MENA:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, was named the Bank with the Best Risk Management in Middle East and North Africa (MENA) and Best Bank in the UAE for 2011 in the Banker Middle East Industry Awards for Excellence 2011.
The prominent awards from the Banker Middle East come shortly after Euromoney named NBAD the Best Bank in the UAE.
“In 2011, NBAD has again won top recognition from prestigious publications that set the benchmark for excellenc...
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| EUROMONEY NAMES NBAD BEST BANK IN THE UAE:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has been named the Best Bank in the UAE by Euromoney, the prestigious international publication which covers international banking, finance and global markets.
Euromoney Awards for Excellence is regarded as the benchmark awards for financial services globally. This is the fifth time in 10 years and the third consecutive year that NBAD has won this title.
“Winning this award five times in a decade confirms ...
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| 33 |
| NBAD WINS IT PROJECT OF THE YEAR AWARD:
Network World Middle East Awards has named the National Bank of Abu Dhabi’s (NBAD), the Number One Bank in the UAE, web server optimisation mission the Application Networking Project of the year.
NBAD’s F5 System Implementation project, which advanced NBAD web servers’ security and improved systems output, was selected the winner, beating nominations from across different industries in the Middle East. In selecting NBAD for this annual award, the judges determined the project the best i...
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| 32 |
| NBAD NAMED BEST SUSTAINABILITY - PROGRAMME IN MIDDLE EAST:
Abu Dhabi (March 17th, 2011) – The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has been awarded the Pan-Middle East Award for the Best Corporate Social Responsibility (CSR) programme by the prestigious emeafinance magazine.
In choosing NBAD, emeafinance credits NBAD for being the first bank to publish an annual Sustainability Report and for NBAD’s objective to balance returns for shareholders with considering impact on future generations when making business decis...
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| NBAD WINS BEST ARRANGER OF MIDDLE EASTERN LOANS AWARD:
Abu Dhabi- (February 24, 2011):
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, won the “Best Arranger of Middle Eastern Loans” award at Euroweek's 8th Annual Syndicated Loans and Leveraged Finance Awards 2010, as the first bank from the region to win this award.
Euroweek, a London-based weekly publication, announced NBAD the winner of the award, with Bank of Tokyo – Mitsubishi UFJ (BTMU), HSBC and Standard Chartered (SCB) being runners up.
The Euroweek Syndic...
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| 30 |
| NBAD ACQUIRES NEW PREMISES IN WASHINGTON:
Abu Dhabi/ Washington, D.C. (February 24, 2010):
Abu Dhabi International Bank (AIB), a wholly owned subsidiary of the National Bank of Abu Dhabi (NBAD), acquired new premises in a prestigious location in Washington, D.C., USA. The new office is now located on K street in the heart of Washington, DC.
The new office was inaugurated by H.E. Yousef Al Otaiba, the UAE Ambassador to the U.S.A, and Qamber Ali Al Mulla, the Senior General Manager of International Banking Division at NBAD.
...
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| 29 |
| THE SIGNING OF ETISALAT SYNDICATION DUAL –CURRENCY MEDIUM TERM FACILITY AGREEMENT:
The signing of Etisalat Syndication Dual –Currency Medium Term Facility Agreement arranged by National Bank of Egypt, Banque Misr and National Bank of Abu Dhabi ( Senior Underwriters ) with the participation of 25 Local and Regional banks.
Tuesday 21st December, 2010 was the signing ceremony for the syndicated loan agreement witnessing the successful completion for the largest dual currency transaction within 2010 for Etisalat Misr with the presence of the senior management from Nationa...
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| 28 |
| NBAD CELEBRATES UAE NATIONAL DAY:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has celebrated the 39th UAE National Day. The bank’s employees, customers, and the public participated in a variety of cultural and traditional activities held in the bank’s branches to commemorate the event.
“On this glorious occasion, we would like to convey our cordial thanks and gratitude to H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE; H.H. Sheikh Mohammed bin Rashid Al Maktoom, Vice President,...
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| NBAD WINS MOHAMED BIN RASHID BUSINESS AWARDS:
The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, received two of the Mohammed Bin Rashid Al Maktoum Business Awards 2010: the Best Performance in the Finance Category and the Most Outstanding Performance Award in the UAE in 2010.
Sheikh Maktoum Bin Mohammed Al Maktoum, Deputy Ruler of Dubai, presented the awards to Mr. Nasser Ahmed Khalifa Alsowaidi, the Chairman of NBAD.
The prestigious MRM Award, launched by Dubai Chamber of Commerce and Industry in 200...
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| 26 |
| SECURITY ALERT:
Dear Valued Customer,
Kindly visit the nearest NBAD Branch or contact our Call Center on 19977 to update us with your mobile phone number and subscribe to our free SMS alert service.
Cases of fraud on debit/credit cards have been on the rise worldwide. Our SMS alert service for NBAD debit cards (Visa Electron) will instantly inform you by an SMS once your card has been used in any purchase or transaction locally or abroad.
This will provide you with added comfort and safeguard your i...
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| 24 |
| NBAD AMONG WORLD’S 50 SAFEST BANKS FOR 2ND CONSECUTIVE YEAR:
The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, has been ranked among the ‘World’s 50 Safest Banks in 2010’ by Global Finance for the second consecutive year.
The world’s 50 safest banks 2010 were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moody’s, Standard & Poor’s and Fitch were used.
NBAD is rated senior long term/short term A+/A-1 by Standard and Poor’s, Aa3/P...
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| NBAD OPENS 28TH BRANCH IN EGYPT:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has inaugurated its 28th branch in Egypt in line with the Bank’s strategy to expand its branch network in Egypt to 50 branches over the next few years.
The new El Hegaz Branch in Helioplis in eastern Cairo is strategically located in a commercial area of the Egyptian capital.
“NBAD opened its first overseas branch in Cairo in 1975. Since then, Egypt remains an important and critical market for us as can be w...
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| FIRE ERUPTION IN NBAD - EGYPT REGIONAL OFFICE:
A fire erupted on the 18th floor of NBAD Regional Office around 7:00 a.m. on Wednesday, August 4, 2010. The cause of the fire is currently being investigated but it is believed to be an electrical short circuit. There were no losses or injuries.
As the fire was quickly contained, the damage is limited and no customer data has been lost or corrupted as all important original files & documents are kept in fire proof cabinets and are therefore safe & undamaged.
Work at NBAD branches has n...
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| NBAD'S H1 NET PROFITS RISE 21.1% TO EXCEED AED 2 BILLION:
The National Bank of Abu Dhabi (NBAD) earned net profits of AED 2,032 million, 21.1% up compared with AED 1,677 million in June 2009. Net profits for the second quarter were AED 1,001 million, up 10.4% on AED 907 million achieved in the corresponding quarter of 2009.
The Chairman of NBAD Mr. Nasser Ahmed Khalifa Alsowaidi said: “In spite of the challenging market conditions, NBAD posted solid financial results for the second quarter and first half of 2010. The Group continues to benefit...
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| NBAD'S GROUP CHIEF EXECUTIVE WINS LIFETIME ACHIEVEMENT AWARD::
The National Bank of Abu Dhabi's (NBAD) Group Chief Executive, Michael H. Tomalin, has won the CEO Lifetime Achievement Award from Banker Middle East.
Mr. Tomalin joined NBAD as the Chief Executive in 1999. In that year the Bank earned AED311 million. Since 1999, under Mr. Tomalin’s steady and far-sighted leadership NBAD’s net profit has grown each year to reach AED3 billion at the end of 2009, an amazing 10 fold increase in the bottom line. During this 10-year period, NBAD has grown at...
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| NBAD CONSORTIUM WINS LE 7.2 BILLION LANDMARK FINANCE DEAL FOR ETISALAT MISR:
After a fierce competition, the consortium including National Bank of Abu Dhabi, National Bank of Egypt, and Banque Misr, wins the finance of Etisalat Misr Corporate deal amounting to an aggregate amount of EGP 7.2billion being one of the flagship deals to be concluded in 2010.
National Bank of Abu Dhabi is the sole underwriter of the USD Tranche amounting to USD300mln under the facility, in addition to being partial underwriter of EGP230mln under the EGP tranche amounting EGP 5.5billio...
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| NBAD Q1 NET PROFITS UP 34% TO AED 1,031 MILLION:
National Bank of Abu Dhabi (NBAD) earned net profits of AED 1,031 million in the first quarter of 2010, compared with AED 429 million the December quarter of 2009. This is the highest net profit ever recorded by the Bank in a single quarter.
Compared with the March quarter 2009, net profits rose by 34% from AED 770 million. Annualised diluted earnings for the first quarter were AED 1.67 per share.
Net impairment charges for March 2010 were AED 225 million of which collective ...
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| NBAD PARTICIPATES IN EARTH HOUR:
The National Bank of Abu Dhabi (NBAD), a socially-responsible company, proudly observed Earth Hour on March 27th and actively promoted the occasion leading up to it.
Starting at 8:30 p.m. the Bank’s landmark head office, NBAD Tower, was markedly dark for an hour as all the lights inside the 30-storey tower were turned of in observance of Global Earth Hour.
“As a socially-responsible company, NBAD leads by examples on issues that impact Abu Dhabi and mankind as a whole. It is f...
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| NBAD WINS DEAL OF THE YEAR AWARD AGAIN:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has won a second "Deal of the Year" award from a prestigious publication for the US$850 million (AED 3.12 billion) fixed-rate notes, which was launched in September 2009.
The Banker magazine, published by the Financial Times Group, selected the deal as the winner of the FIG – Deal of the Year 2010 for the Middle East Region. The transaction was completed by NBAD’s Financial Market Division. Recently, Euroweek, a Lond...
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| NBAD LAUNCHES U.S. $750 MILLION FIXED-RATE NOTES:
The National Bank of Abu Dhabi ("NBAD") successfully launched a US dollar five-year transaction under its US$5 billion EMTN Programme. Bank of America Merrill Lynch, Barclays Capital, HSBC and National Bank of Abu Dhabi acted as joint-bookrunners in the notes, which represents the first international public benchmark transaction by a GCC Financial Institution in 2010.?
Official price guidance of midswaps plus 180bp area was released on Thursday 18 March 2010 at 7:30am London time. The s...
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| NBAD'S FIXED-RATE NOTES WINS DEAL OF THE YEAR AWARD:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, won the Deal of the Year Award from EuroWeek for its US$850 Million fixed-rate notes launched last year.
The five-year Medium Term Note launched under NBAD's European Medium Term Note (EMTN) programme represented the first US dollar-denominated international public transaction by a GCC Financial Institution since 2007, which has successfully established a benchmark and a new pricing reference for GCC financial inst...
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| NBAD WINS RETAIL BANK OF THE YEAR AWARD:
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has won the Retail Bank of the Year as judged by Arabian Business Achievement Awards 2009.
Celebrating its 10th year in 2009, Arabian Business Achievement Awards recognize each year business achievements in both corporate and business levels.
“We are delighted that National Bank of Abu Dhabi (NBAD) has been recognized as the most accomplished retail bank in a year of stiff competition and challenging market ...
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| NBAD LAUNCHES OPERATIONS IN HONG KONG:
National Bank of Abu Dhabi (“NBAD”), one of the largest banks of the United Arab Emirates (“UAE”), announced the launch of its first branch in Hong Kong, heralding the beginning of its operations in Asia. NBAD is the banker to the Government of Abu Dhabi, which owns 70.48% of the Bank’s equity through the Abu Dhabi Investment Council.
Founded in 1968 and listed on the Abu Dhabi Securities Exchange, NBAD has the largest international presence with 45 branches in 11 countries: Oman, Kuwai...
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| NBAD SUISSE ACQUIRES A PRESTIGIOUS BUILDING IN GENEVA:
NBAD Private Bank (Suisse) SA, the 100% owned private banking subsidiary of the National Bank of Abu Dhabi (NBAD), has successfully acquired its premises, a prestigious building at 5, Quai de l’Ile in Geneva.
The building, situated on the exclusive island at the end of the famous luxury goods shopping street of Rue du Rhône, has been the home of NBAD Private Bank (Suisse) SA since its launch in mid 2007.
Khaled Suleiman, General Manager of NBAD Private Bank (Suisse) SA commente...
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| NBAD'S EXPOSURE TO DUBAI WORLD GROUP:
As at 29 November 2009, National Bank of Abu Dhabi (NBAD) had US$345 million exposure to the Dubai World Group comprising the following:
US$ 114 million nominal invested in the Nakheel December 2009 Sukuk and marked Available for Sale and marked to market through equity;
US$ 6 million nominal in the same bond held in our Trading Portfolio and marked-to-market;
General corporate loans of US$ 100 million and US$ 125 million to Nakheel and Limitless respectively
NBAD has no expo...
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| NBAD'S Q3 NET PROFIT RISE 41% TO AED 914 MILLION:
National Bank of Abu Dhabi (NBAD) recorded net profits of AED 914 million in the third quarter of 2009, an increase of 41% compared with AED 651 million for the third quarter of 2008. Cumulative profits for the nine months amounted to AED 2,591 million, 2.5% up on the comparable period of 2008 and representing an annualised EPS of AED 1.53 compared with the previous corresponding period of AED 1.51. Annualised return on equity (ROE) was 22.5% and in line with NBAD's target of 20% for the current...
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