The Largest Abu Dhabi Banks: National Bank of Abu Dhabi (NBAD)
One of the largest Abu Dhabi banks is National Bank for Abu Dhabi. People often call is as NBAD. In Abu Dhabi, NBAD is called as the largest lender bank. But it is the second one in United Arab Emirates. If you compare it with other UEA banks located in the country, it has the largest market capitalization. Let’s find out more about the National Bank of Abu Dhabi by reading the following post below:
Largest Abu Dhabi Banks: The head office
The head office of national bank of Abu Dhabi is located in Abu Dhabi, UAE. It is called as 1 NBAD tower. In the near future, the bank proposes a plan to create a future Abu Dhabi financial district by building an a new head office located at the Al Maryah Island, Abu Dhabi.
Largest Abu Dhabi Banks: Banking business
Let’s find out the type of banking businesses that National Bank of Abu Dhabi has. It offers the customers and clients with property management, leading, Islamic banking, primary banking, wealth management, investment banking, retail banking, corporate banking, brokerage, and wholesale banking.
Largest Abu Dhabi Banks: Overseas expansion strategy
Another ambition project from NBAD is the expansion on the overseas market. The bank has a plan to create a regional financial base in India in the late of 2014. The media reported this plan in May 2014. Actually the bank can be seen in various places in the world to expand their power. You can see the office representative in Hong Kong, Kuala Lumpur, and Shanghai. To increase the presence of NBAD in Asian countries, the bank will be spotted in South Korea soon. In Malaysia and Oman, the bank decides to grow the sharia compliant service for the Islamic banking market there. Now you see that this bank can be spotted in more than 17 countries in the world. It is located not only in Abu Dhabi but also in Asia and America.
Largest Abu Dhabi Banks: Brief history
The National Bank of Abu Dhabi was established for the first time in 1968. It is called as the first bank in Abu Dhabi. It also takes the record as the first bank which can expand on the overseas areas. In 1975, the first overseas bank of NBAD was in Cairo, Egypt. In 1976, the bank was expanded to Sudan and Oman. In 1977, it opened a branch in United Kingdom. In 1979, the bank was seen to USA and France. Check out the largest Abu Dhabi companies here.
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