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Mon, 09 Nov 2009 | 20:37 GMT

National Bank of Abu Dhabi   (NBAD.ADSM)
Also known as: NBAD
Last Trade
13.20 AED
+ 0.76%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Oct 12, 2009
 
Joint Stock
 
 
Provides conventional and Islamic commercial banking services including deposits, loans and credit cards; conventional and Islamic investment banking services including corporate finance and investment advisory on mergers and acquisitions, initial public offering and underwriting; conventional and Islamic asset management services including fund, wealth and portfolio management; private equity investments; commercial financing services including project financing, lease financing and real estate financing.
1968 (February)
3,560 (As of Oct 12, 2009)
312
UAE (94)
Egypt (27)
Oman (8)
 
Sudan(3)
Bahrain (2)
Kuwait
 
United Kingdom
USA
France
 
Hong Kong
 
 
Libya
 
 
 
 
NBAD 
Ordinary 
AED 
 
 Key Officers
HE Nasser Ahmad Khalifa Al Sowaidi
Chairman
Michael H Tomalin
Group Chief Executive Officer
 
 Contact Details
Address:
1, NBAD Tower
Sheikh Khalifa Street
P.O. Box 4
Abu Dhabi
United Arab Emirates
 
+971 2-611-1111
 
+971 2-627-5738
+971 2-627-5881
 
customersupport@nbad.com
 
www.nbad.com
 
www.nbadsuisse.ch
www.adnif.ae

 
  Latest Headline
Government Of Dubai Issues Largest Sovereign Sukuk Ever - Press Release
 
  Business Overview
The National Bank of Abu Dhabi provides retail and corporate banking services locally and internationally and investment banking services including asset and wealth management, brokerage and corporate finance as well as Islamic banking.

Ranked by assets and earnings, NBAD was the second largest UAE bank in terms of total assets of AED164.7 billion (USD44.8 billion), in 2008, 18% higher than the previous year. NBAD had a market capitalization of AED17.5 billion (USD4.8 billion) and assets under management (off balance sheet assets) recorded AED4.40 billion (USD1.2 billion), both as of December 2008.

Despite the higher provisioning made by the bank during the year, the bank’s net profits grew by 20.5% during 2008 to AED770 million (USD209 million), as reported in the first quarter of 2009—a 12% decrease from the first quarter of 2008, and 57% above 4th quarter of 2008. The return on average equity declined in 2008 to 23.6% from 24.8%, in 2007. Furthermore, return on average assets declined in 2008 to 2.0% from 2.1%, in 2007.

NBAD completed a restructuring process in 2009 and organized its operations into six main business segments; domestic banking, international banking, corporate and investment banking, financial markets, global wealth, Islamic banking and head office support.

Domestic banking earnings rose by 48% to AED2.16 billion (USD588 million), in 2008, up from AED1.456 billion (USD396 million), in 2007 and contributed 56.6% of the NBAD’s 2008 operating income. International banking earnings went up by 44% in 2008 to AED694 million (USD189 million) from AED481 million (USD131 million), in 2007 contributing by 18% to operating income.

The financial markets division annual earnings grew by 161% in 2008, and reached AED754 million (USD205 million), contributing by 20% to operating profit. Global wealth earned AED52 million (USD14 million), in 2008, down by 71.5% from AED183 million (USD49.8 million), in 2007.

Through a division of NBAD and the Abu Dhabi National Islamic Finance Company, the Islamic banking division, in its first full year of activity, earned AED24 million (USD6.5 million), in 2008. The head office support operations earned AED143 million (USD38.9 million), in 2008.

NBAD made its first acquisition in the 3rd quarter of 2008, with the purchase of a 70% stake in Abu Dhabi Securities Brokerage-EgyptAbu Dhabi Securities Brokerage-EgyptLoading... (formerly known as Al Salam Brokerage Company), through its fully-owned subsidiary, the Abu Dhabi Financial Services CompanyAbu Dhabi Financial Services CompanyLoading....
 
 
  Industry Benchmarks  Yr 2008 
 
  Assets Under Management - MENA (USD millions) 1,197 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Abu Dhabi Financial Services Company UAE 100.00%
Abu Dhabi International Bank Netherlands 100.00%
Abu Dhabi National Islamic Finance Company [ADNIF] UAE 100.00%
Abu Dhabi National Leasing [ADNL] UAE 100.00%
Abu Dhabi National Properties [ADNP] UAE 100.00%
NBAD Nominees Limited United Kingdom 100.00%
NBAD Private Bank (Suisse) Switzerland 100.00%
Investments
 
Name  Country  Holding
ALDAR Properties UAE 5.16%
Abu Dhabi Investment Company UAE 1.00%
Deyaar Development Company UAE 1.00%
Funds
 
Name  Country  Holding
NBAD Emerging Markets Fund Channel Islands -
NBAD GCC Opportunities Fund GCC -
NBAD GLOBAL Debt Fund Channel Islands -
NBAD Global Equities Fund Channel Islands -
NBAD India Equities Fund Channel Islands -
NBAD UAE Distribution Fund UAE -
NBAD UAE Growth Fund UAE -
NBAD UAE Islamic Fund UAE -
NBAD UAE Trading Fund UAE -
NBAD US Equities Fund Channel Islands -
Divisions
 
Name  Country  Holding
NBAD Academy UAE -
National Bank of Abu Dhabi Direct [NBAD Direct] UAE -
 
 
  Representatives
Auditors
 
KPMG UAE
 
 
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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