Sunday 31 July 2016
 
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NBAD

NBAD Q2 net profit dips 4.8pc, meets forecasts

National Bank of Abu Dhabi, the emirate's largest lender by assets, on Wednesday posted a 4.8 per cent fall in second-quarter net profit, broadly in line with forecasts. NBAD, which earlier this month said it had provisionally

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NBAD Q2 net profit dips 4.8pc

National Bank of Abu Dhabi , the emirate's largest lender by assets, on Wednesday posted a 4.8 per cent fall in second-quarter net profit, broadly in line with forecasts. NBAD, which earlier this month said it had provisionall

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NBAD, FGB win approval to set up $175bn bank

Leading Abu Dhabi lenders National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) said its boards of directors have recommended merging the two banks with the deal expected to be completed in the first quarter of 2017. The mer

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MoF releases e-dirham card charge service with MBME

The UAE’s ministry of finance (MoF) recently launched the e-dirham card charging service through MBME for collecting fees and payment services. MBME is a leading supplier of kiosk based payment systems in the UAE. The Nat

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Abu Dhabi banks' merger move seen just the start

A potential merger between two of Abu Dhabi’s biggest banks may just be the start of consolidation in the industry. That’s according to analysts from EFG-Hermes Holding and Emirates NBD, who say the UAE needs more tie-

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NBAD, FGB confirm talks over possible merger

National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) on Sunday confirmed they were in talks over a possible merger or a combination of the two businesses. Reuters, citing sources aware of the matter, had reported on Thursda

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NBAD, FGB in early merger talks

National Bank of Abu Dhabi and First Gulf Bank have held preliminary discussions on a possible merger of the Abu Dhabi-based lenders, two sources with knowledge of the matter said on Thursday. "There's a proposal to merge

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UAE's e-Dirham wins top global certification

The e-Dirham system, launched and managed by the Ministry of Finance (MoF) in partnership with the National Bank of Abu Dhabi, recently received the Certification of Compliance in Payment Card Industry Data Security Standard (PCI DSS).

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NBAD Q1 net profit falls 10.7pc

National Bank of Abu Dhabi , the emirate's largest lender by assets, on Wednesday posted a 10.7 per cent fall in first-quarter net profit as revenues dropped and impairment charges for bad loans rose. NBAD, almost 70 per cent

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Etihad, National Bank of Abu Dhabi ink partnership deal

Etihad Airways has selected National Bank of Abu Dhabi (NBAD), the largest UAE lender by assets, as its Middle East Strategic partner for transactional banking services. Under the agreement, NBAD will provide Etihad Airways with a

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