National Bank of Abu Dhabi

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Recent Articles

• More banks curb lending to low wage earners17 November 2008

  Banks across UAE hike minimum monthly salary needed to qualify for personal loan.

• NBAD launches m-payment service9 November 2008

  NBAD Arrow service will allow users to make payments via SMS

• NBAD would welcome merger - CEO29 October 2008

  Tomalin says management of Abu Dhabi's largest bank in favour, but decision up to gov't.

• National Bank of Abu Dhabi posts $177mn Q3 profit21 October 2008

  UPDATE 1: Company's 13% increase, while National Bank of Abu Dhabi's profit falls 26%.

• Gulf banks face merger pressure 29 September 2008

  Speculation intensifies Abu Dhabi's leading banks to face first forced merger in the Gulf region.

• Abu Dhabi bank shares soar for second day29 September 2008

  Merger speculation sees Abu Dhabi's ADCB up 10% and NBAD up 7% in early trading.

• UAE banks downplay merger talks28 September 2008

  Abu Dhabi banks ADCBl and NBAD describe merger reports as just 'rumour' as lenders' share prices soar.

• Dubai property prices surge - survey21 September 2008

  Gulf state's economic boom, population growth and cost of construction driving rising prices.

• UAE banks target foreign transactions in ATM fraud case15 September 2008

  National Bank of Abu Dhabi to issue new cards to all customers by Oct. 1.

• UAE urged to adopt chip-and-pin13 September 2008

  More secure card technology needed to stop repeat of last week's wide-scale fraud, experts say.

• UAE banks step up security after card theft12 September 2008

  Lloyds TSB, HSBC, Citibank, National Bank of Abu Dhabi and Dubai Bank hit by fraud.

• UAE's NBAD buys majority stake in Egyptian broker2 August 2008

  Al-Salam Brokerage link-up will 'diversify products' and 'expand customer base'.

• Abu Dhabi bank posts record profits24 July 2008

  National Bank of Abu Dhabi's net profit of $273mn in second quarter, up 72% on same period last year.

• NBAD okays employee bonds13 July 2008

  Emirate's biggest bank by market value says approved plans to offer employees convertible bonds.

• Loans spur Gulf bank profits, inflation weighs1 July 2008

  Many lenders to post double-digit Q2 profit as low interest rates spur credit demand - survey.

• Falcon agrees $238mn loan to buy 23 aircraft21 June 2008

  Abu Dhabi charter firm looks to ramp service offering, including air taxi business.

• Ahli United, NBAD deny mega-merger15 June 2008

  UPDATE 1: Bahrain and Abu Dhabi lenders reportedly in talks to create one of Gulf's largest banks.

• NBAD arranges AED450m Al Farida loan1 June 2008

  National Bank of Abu Dhabi among syndicate financing conglomerate's expansion.

• NBAD doubles IT budget6 May 2008

  Wide range of major projects underway for 2008 including banking systems and blade servers

• NBAD posts record profit following land sale27 April 2008

  Abu Dhabi's biggest lender posted Q1 income of $238.3mn, an increase of 45.5%.

• 100% pay rise for expats13 April 2008

  UAE emirate Umm Al Qaiwain considering unprecedented pay hike amid growing concern over inflation.

• Tabreed names banks for Islamic bond sale13 April 2008

  Dubai-based National Central Cooling Company announces plans to sell up to $500mn of sukuk.

• Abu Dhabi bourse plans Asia roadshow8 April 2008

  Some of emirate's biggest listed companies to accompany stock market on public relations drive.

• Central bank calls on UAE to curb spending2 April 2008

  Governor Al-Suweidi says gov't must rein in spending to control record inflation in the Emirates.

• UAE money supply skyrockets25 March 2008

  Supply growth surges at second-fastest pace in five years, up more than a third at end of December.