Saturday 25 June 2016
 
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National Bank of Abu Dhabi

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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NBAD launches operations in India

The National Bank of Abu Dhabi (NBAD) today launched banking operations in India with the opening of a branch in Mumbai. NBAD now has a presence in 18 countries around the world. The India branch will provide wholes

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NBAD aids Egyptian expats with home finance

National Bank of Abu Dhabi (NBAD) has launched a new programme for Egyptian expatriates to purchase, finish or furnish residences in their home country. NBAD’s real estate programme can finance up to 70 per cent of unit valu

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NBAD launches $750m Tier 1 perpetual bond

The National Bank of Abu Dhabi (NBAD), a major bank in the Middle-East and Emerging Markets, launched its inaugural $750mn Additional Tier 1 Perpetual Bond and achieved multiple records in the process. NBAD initially held a set of

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Strong appetite for investment in Egypt

There is strong appetite to invest in Egypt as reforms being implemented by the country’s government are encouraging growth, said experts at a forum hosted by the National Bank of Abu Dhabi (NBAD). NBAD recently hosted 200 c

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NBAD launches new mobile banking solution

The National Bank of Abu Dhabi (NBAD) has launched a new mobile banking app is part of its strategy to upgrade all its banking channels including branches, website, online banking and ATMs. NBAD Mobile Banking enables seamless eng

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NBAD net profit in Q1 edges up to $387m

National Bank of Abu Dhabi (NBAD) has reported a net profit of Dh1.423 billion ($387 million) in the first quarter of the year, marking an increase of 1 per cent year-over-year. This represents diluted EPS of Dh0.26 for Q1 2015 ve

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NBAD declares 40pc dividend, 10pc bonus shares

The National Bank of Abu Dhabi's (NBAD) shareholders have approved distribution of a cash dividend of 40 per cent and a stock dividend of 10 per cent for the financial year ended December 31. They also voted in favour of issua

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NBAD ‘not interested in Citi's Egypt assets’

National Bank of Abu Dhabi (NBAD) is not interested in buying the Egypt retail business of Citigroup, and is instead targeting organic growth in the country and globally, the bank's chief executive told Reuters on Sunday. The

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Global Sukuk issuance ‘to hit $145bn in 2015’

Global Sukuk issuance is expected to reach $145 billion in 2015, said experts, adding that the demand for Sukuk significantly outweighs the supply, with growing investor appetite for more diverse investment opportunities. The year

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