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UAE bank ATM units surge to 5,261 in H1In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines (ATM), operated by banks in the UAE hit a total of 5261 by end of June, an increase of 42 facilities from 5219 in the same mont More… |
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First Abu Dhabi Bank net profit surges to $1.7bnFirst Abu Dhabi Bank (FAB), the largest bank in the UAE, has registered a net profit of Dh6.1 billion ($1.7 billion) for the first six months of 2018, up 10 per cent over last year boosted by higher foreign exchange and investment income. More… |
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FAB appoints new chief for UK operationsFirst Abu Dhabi Bank (FAB) has appointed Paul Hartwell as the new chief executive of the bank’s operations in the United Kingdom, subject to regulatory approvals. Hartwell joins FAB with over 30 years of experience in corpor More… |
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First Abu Dhabi Bank rebrands property unitFirst Gulf Properties, the real estate service provider and a wholly-owned subsidiary of the First Abu Dhabi Bank (FAB), has changed its name to "FAB Properties." It manages a diversified portfolio of More… |
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First Abu Dhabi Bank announces $2bn cash dividendsFirst Abu Dhabi Bank (FAB), one of the world’s largest financial institutions based in the UAE capital, is set to distribute 70 per cent cash dividends worth Dh7.6 billion ($2.1 billion) to its shareholders for 2017, up 11 per cent compare More… |
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FAB revises world growth forecast to 4pc for 2018First Abu Dhabi Bank (FAB), the UAE’s largest bank, is expecting world growth forecasts to be revised upwards, to 4.0 per cent for 2018, led initially by the developed nations, the bank said in its Global Investment Outlook 2018. More… |
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FAB posts $2.9bn net profit in 2017First Abu Dhabi Bank (FAB), one of the UAE’s largest banks, said it had delivered a resilient performance in a transitional year with a group net profit of Dh10.9 billion ($2.96 billion) for the full year ended December 31, 2017 compared t More… |
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FAB opens headquarter branch in Abu DhabiFirst Abu Dhabi Bank (FAB), the UAE’s largest bank, celebrated the official inauguration of its headquarter branch in Khalifa Business Park, Abu Dhabi, at an exclusive event attended by senior management. More… |
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FAB opens headquarter branch in Abu DhabiFirst Abu Dhabi Bank (FAB), the UAE’s largest bank, celebrated the official inauguration of its headquarter branch in Khalifa Business Park, Abu Dhabi, at an exclusive event attended by senior management. More… |
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FAB share deals hit $3.6bn in 10 monthsA total of Dh13.2 billion worth of purchase and sales transactions in shares of First Abu Dhabi Bank have been conducted since the merger of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank in April to create one of the region's lar More… |
