National Bank of Abu Dhabi

rdf:langString National Bank of Abu Dhabi

rdf:langString National Bank of Abu Dhabi

rdf:langString National Bank of Abu Dhabi

rdf:langString Banking

rdf:langString UAE

rdf:langString Loans, Savings, corporate banking, project finance, corporate advisory, treasury, leasing, property management, Islamic banking

rdf:langString FAB Properties Dubai First FAB Securities

rdf:langString National Bank of Abu Dhabi (NBAD) (Arabic: 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 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. In December 2016, shareholders approved the bank's plans to merge with the First Gulf Bank (FGB) and both banks finalized the second-tier management by February 2017. The plan to merge the banks, which was first announced in June 2016, will be executed through a share swap, with FGB shareholders receiving 1.254 NBAD shares for each FGB share they hold. The merged entity is now known as First Abu Dhabi Bank and is currently the largest bank in the Middle East and North Africa.