National Bank of Abu Dhabi

National Bank of Abu Dhabi (NBAD), the UAE’s second biggest bank by assets, has a network of 83 branches across the UAE. Its overseas network stretches from Oman, Kuwait and Bahrain in the GCC to Egypt and Sudan in Africa, to London, Paris and Geneva in Europe and Washington DC in the US.

Market observers have speculated that the bank might merge with Abu Dhabi Commercial Bank (ABCB) ever since the merger between Emirates Bank and the National Bank of Dubai in 2007. However, as recently as this month, ABCB’s chairman dismissed the talk about a possible merger as a rumour, nothing more.

NBAD’s fourth quarter profit fell 34 percent on the year to $134m, as it made impairment provisions of $78.7m in the quarter, compared with $4.4m a year ago.

NBAD is majority owned by the Abu Dhabi Investment Authority (ADIA), which holds a stake of around 70.5 percent in the company, according to data from Bloomberg.
More about the company
Address: National Bank of Abu Dhabi Tower, Khalifa Street PO Box 4 , Abu Dhabi, UAE

NBAD

Joint stock

1968

Public

971 2 6111111

971 2 6275738

customersupport@nbad.com

www.nbad.com

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Officers »
Board of Directors Position
Jouan Salem Ali Al Dhaheri
Vice Chairman
Eissa Mohammed Ghanem Al Suwaidi
Board Member
Mohammed Omar Abdullah
Board Member
Ahmad Ateek Mohammed Al Mazroui
Board Member
Khalifa Sultan Ahmad Al Suwaidi
Board Member
   
Management Position
Michael H. Tomalin
Chief Executive Officer
Srood Sherif
Chief Information Officer
Abdullah Mohammad Saleh Abdulrahim
Senior General Manager and Chief Operating Officer
Abhijit Choudhury
Senior General Manager and Chief Risk Officer
Mahmoud Al Aradi
Senior General Manager - Financial Markets Group
View all
Major Shareholders
Name Country
Al Qasimi Group
UAE
Abu Dhabi Investment Council
UAE
Press Releases »
NBAD renews Escrow agreement in Dubai Posted on Tuesday, 17 August 2010
NBAD 1st UAE bank to issue sustainability report Posted on Thursday, 15 July 2010
NBAD appoints Head of Fixed Income Posted on Saturday, 10 July 2010
Read More
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