Saturday 10 December 2016
 
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NBAD

Chinese engineering group seals NBAD deal

China State Construction Engineering Corporation (CSCEC) has signed a supply chain finance (SCF) agreement with UAE-based National Bank of Abu Dhabi (NBAD) to help enable Chinese corporate to offer better payment terms to suppliers as well as en

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NBAD Q3 profit stays flat at $359m

National Bank of Abu Dhabi (NBAD) reported net profits of Dh1.320 billion ($359.38 million) for the third quarter of this year, flat year-over-year (y-o-y) and down 4 per cent sequentially. During the period, strong underlying gro

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NBAD postpones green bond say sources

National Bank of Abu Dhabi has postponed the region's first green bond after investors considered the pricing unattractive, banking sources told Reuters on Sunday. Green bonds have become an increasingly popular source of borr

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Alex Thursby steps down as group CEO of NBAD

Alex Thursby has stepped down as the group chief executive officer (CEO) of the National Bank of Abu Dhabi (NBAD) after over three years in the role. Abhijit Choudhury, NBAD’s Group Chief Risk Officer, has been appointed as

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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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