Advancing in list of World's 50 Safest Banks
Water consumption reduced 43%
2nd NBAD Academy opened
Increased representation of women in leadership positions
Abu Dhabi: The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has released its third annual Sustainability Report titled "Catalysing Change," which highlights the achievements made during the year and the Bank's goals for the future.
"The annual Sustainability Report serves to highlight NBAD's successes and to help the Bank strategise areas for improvements," says Abdulla M.S. AbdulRaheem, the Deputy Group Chief Executive of NBAD. "Moreover, publishing the annual Sustainability Report serves as a medium for transparency and accountability to our stakeholders."
The Executive Summary of 'Catalysing Change' has been printed on 100% recycled paper. The full Sustainability Report is only available online: http://www.nbad.com/en/Sustainability/Pages/OurSustReports.aspx
NBAD's achievements in 2011 include advancing several positions in Global Finance's exclusive World's 50 Safest Banks to become the safest Middle East Bank; opening of the second NBAD Academy to support employees' professional development; reducing water consumption by 43%, exceeding the Bank's target of 10%; increasing representation of women in leadership positions including 51% of branch management; launching nine new Business Banking Centres to increase support to small and medium sized enterprises (SME); and integrating sustainability factors into internal audit programmes.
"NBAD's Corporate Sustainability strategy encourages the Bank to continuously innovate and focus on achieving both greater return on investment for our stakeholders and the economic and social development of the UAE," says Sally Paterson, the Head of Business Planning and Strategy at NBAD.
Belinda Scott, the Senior Manager of Corporate Sustainability at NBAD, says: "Corporate Sustainability is about how we are working towards adapting our operations, and the way we work, to meet risks and take advantage of the opportunities emerging from the global environmental and social challenges which are becoming increasingly urgent regionally. Within NBAD, we are thinking more about the long term and how global realities will affect the need for, or relevance of, our products and services. We see sustainability as a way to unleash new potential and innovations by allowing us to see things in different ways and evaluate ideas using different measures. The publication of our annual sustainability report is a way of sharing our progress and challenges with all our stakeholders."
About NBAD
The National Bank of Abu Dhabi (NBAD), The Number One Bank in UAE, was incorporated in 1968 and is listed on the Abu Dhabi Securities Exchange (ADX), under stock code (NBAD).
Ranked as one of the top 50 safest banks in the world, NBAD currently operates across 13 countries on four continents.
NBAD has a network of 123 branches and more than 550 ATMs to provide banking services to customers all over the UAE.
Besides brick & mortar branches, NBAD provides 24 hour internet banking access through NbadOnline and NbadDirect, the SMS-based payment service (Arrow) as well as account access and personalised customer support through its 24-hour Call Centre.
NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C.; Egypt, Libya, and Sudan in Africa; UK, France, and Switzerland in Europe; Hong Kong, Shanghai-China, Malaysia, and Jordan in Asia to Washington, D.C. in the U.S.A. Overall, NBAD has nearly 50 branches and 60 ATMs outside the UAE. NBAD provides its customers with a wide variety of financial services targeting all segments of the consumer and corporate markets.
NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving it one of the strongest combined rating of any Middle Eastern financial institution.
For further enquiries, please contact:
Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Email: ehab.khairi@nbad.com
Web: www.nbad.com
© Press Release 2012
