NBAD subsidiary in America re-named
Abu Dhabi/Washington D.C., August 19, 2014
The National Bank of Abu Dhabi (NBAD) has renamed its wholly-owned subsidiary in America to NBAD Americas N.V.
NBAD established the subsidiary in Curacao in 1979 as Abu Dhabi International Bank N.V., and launched a federal branch in the US capital, Washington, D.C. in 1981.
The change in name does not affect the legal structure, or rights or obligations of, Abu Dhabi International Bank N.V, the bank said.
NBAD Americas provides all facets of corporate and institutional banking, such as trade finance, commercial lending, financial markets and correspondent banking. It also serves UAE investors who invest in the US, and US companies who do business in the UAE and other countries where NBAD has a presence, it said.
“NBAD Americas serves a very impressive client base comprised of top companies located throughout the US and active in the defence, oil and gas, construction and engineering fields; we are proud and happy to continue serving our distinguished clients with the same superior service that they have been accustomed to receiving from us,” said Nagy Kolta, country CEO and managing director of wholesale banking – US. – TradeArabia News Service