National Bank of Abu Dhabi

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Recent Articles

• National Bank of Abu Dhabi posts 41% rise in Q3 profit27 October 2009

  The Abu Dhabi-based lender posted a third quarter net profit of AED914m ($248.8m).

• S&P to be used to calculate NBAD Islamic Index10 October 2009

  Index measures performance of Shariah-compliant securities listed on ADX, DFM.

• NBAD, DVB launch aviation investment fund27 September 2009

  Fund to invest principally in aircraft and engines on lease to international airlines.

• UAE's NBAD plans 5-yr bond, sees over $2bn interest4 September 2009

  Bonds likely to be priced 190 to 200 bps over the benchmark mid-swap rate.

• UAE cbank rejigs interbank rate panel to spur lending26 August 2009

  Central bank hopes change in panel will lower rates and spur lending.

• Abu Dhabi power project said close to $1.1bn loan17 August 2009

  Sponsors of Shuweihat 2 power generation project said to have lined up 12 banks.

• UAE interbank rates drop post cenbank's benchmark plan5 August 2009

  UAE central bank openly mulled creation of an official Emirates interbank offered rate.

• UAE's NBAD to enter Jordan, Hong Kong by year end5 August 2009

  National Bank of Abu Dhabi eyes 22 branches in Egypt by 2013 and 3 branches in Oman next year.

• NBAD Q2 net profit falls 9.3%28 July 2009

  Bank confirms relatively minor exposure to troubled Saudi conglomerates Algosaibi and Saad.

• Saudi Saad's sukuk investors mull setting up committee14 July 2009

  Investors in troubled conglomerate look for representation at creditor meetings.

• Dubai house prices set for further 20% fall - survey15 June 2009

  Reuters poll of 10 analysts also reveals opinions on dates for real estate rebound.

• Saad woes cloud region - Moody's 8 June 2009

  Agency says problems at Saudi company will impact how it assesses privately-held firms across Gulf region.

• NBAD wins approval to open in Hong Kong21 May 2009

  National Bank of Abu Dhabi will open first branch in Chinese territory H209 to improve Far East links.

• Drake & Scull unit seals AED400m deal12 May 2009

  Contract won by Gulf Technical Construction Company (GTCC) marks first foray into Abu Dhabi market.

• NBAD looks to issue new loans, open new branches 12 May 2009

  Bank posted a 12% drop in Q1 profits, but thinks market revival is in sight

• National Bank of Abu Dhabi Q1 net profit down 12%27 April 2009

  UAE money lender beats market forecasts; earns $209.7m net profits in Q1.

• DEWA confirms refinancing of $2.2bn loan8 April 2009

  Total of 18 international, regional and local banks are involved in the refinancing deal.

• Dubai Islamic Bank considering raising fresh capital24 March 2009

  Bank also examining converting emergency government deposits into regulatory capital.

• Emirates Islamic Bank to convert deposits into capital18 March 2009

  Bank is fourth in UAE to convert federal gov't deposits into Tier 2 capital.  

• NBAD to bolster capital to reduce risk11 March 2009

  National Bank of Abu Dhabi board to convert $1.53bn of UAE gov't deposits into regulatory capital.

• Lending restrictions expected to be eased in Abu Dhabi7 February 2009

  Abu Dhabi's five largest banks are expected to ease lending restrictions to investors this week.

• NBAD to pay 20% cash dividend, 40% bonus shares3 February 2009

  Abu Dhabi bank's board aims to get nod for dividends at general assembly on Mar. 3.

• NBAD Q4 profit down; CEO sees tough '09 2 February 2009

  National Bank of Abu Dhabi posts Q4 net profit at 492m UAE dirhams ($133.9 m), down 34%.

• Kuwait, Oman, Qatar markets end at multi-year lows19 January 2009

  UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

• Abu Dhabi bank chief quits for investment role7 January 2009

  National Bank of Abu Dhabi's chairman to devote more time to sovereign wealth fund.