Saturday 29 April 2017
 
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NBAD

NBAD approves name change to First Abu Dhabi Bank

National Bank of Abu Dhabi (NBAD) shareholders have approved the proposal to change the name of the UAE’s largest bank to First Abu Dhabi Bank. The new name, which was proposed by the bank’s board of directors upon legal mer

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NBAD, First Gulf profit surges 12.4pc in Q1

The National Bank of Abu Dhabi and First Gulf Bank reported Dh2.93 billion ($797 million) in net profits for the first quarter of 2017, a 12.4 percent growth from Dh2.60 billion over the same period last year, a report said. The p

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FGB, NBAD merger creates First Abu Dhabi Bank

Following the legal completion of the merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) on April 1, the combined bank will be now known as First Abu Dhabi Bank. The merged bank began trading on the Abu Dhabi Sec

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FGB, NBAD directors discuss key merger issues

The board of directors of the combined entity that will result from the merger of FGB and the National Bank of Abu Dhabi (NBAD), met today and took some key decisions to ahead of the legal completion of the merger in the coming weeks.

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NBAD hosts workshops for SMEs

National Bank of Abu Dhabi (NBAD), in collaboration with CPI Business, is inviting small and medium enterprises (SMEs) to attend its complimentary workshops dedicated to opportunities at Expo 2020 Dubai. With 20 per cent of its bu

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NBAD hosts workshops for SMEs

National Bank of Abu Dhabi (NBAD), in collaboration with CPI Business, is inviting small and medium enterprises (SMEs) to attend its complimentary workshops dedicated to opportunities at Expo 2020 Dubai. With 20 per cent of its bu

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UAE nets $2.1bn revenue from e-Dirham in 2016

The UAE ministry of finance has collected Dh7.84 billion ($2.13 billion) government revenue through e-Dirham payment gateway in 2016. The number of e-Dirham service transactions conducted through the e-Dirham system rose by 6.94 p

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NBAD adopts Blockchain for remittances

The National Bank of Abu Dhabi (NBAD) has become the first Middle East bank to introduce real time cross border payments on Blockchain technology. The new channel, implemented with global financial settlement solutions provider Ripple,

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NBAD posts over $1.4bn net profit for 2016

National Bank of Abu Dhabi (NBAD) reported net profits of Dh5.296 billion ($1.44 billion) for FY’16, up 1.2 per cent year-over-year (y-o-y) as strong underlying performance was partially offset by several macro headwinds, including volatil

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NBAD raises $885m 30-year Formosa bond

National Bank of Abu Dhabi (NBAD) has raised a $885 million 30-year senior unsecured Formosa bond in January, the bank said. The transaction follows NBAD’s inaugural $696 million public Formosa bond in October last year, the

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