United Arab Emirates
Banking & Finance
National Bank of Abu Dhabi
National Bank of Abu Dhabi (NBAD) notched up a net profit of $553.2m in H1 this year, a rise of 21.1 percent on the year earlier period. It was a solid performance, said chairman Nasser Ahmed Khalifa Alsowaidi, "in spite of the challenging market conditions."
The bank now has nearly 50 units operating in twelve countries spanning the Far East to North America, Africa and the Middle East.
Each of NBAD's 3,666 employees earned the bank $150,901 in the first half.