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First Abu Dhabi Bank (FAB)United Arab Emirates
Created on: 2017-02-13 14:40:04
Last update: 2017-04-18 12:38:43
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About First Abu Dhabi Bank (FAB)
First Abu Dhabi Bank head offices, Khalifa Business Park Abu Dhabi. Photo: Google Earth/StreetviewFirst Abu Dhabi Bank (FAB) was established in April 2017 through the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank. National Bank of Abu Dhabi, founded in 1968, is a bank operating in the United Arab Emirates. It is the largest lender bank in the Emirate of Abu Dhabi and the second largest lender in the United Arab Emirates. Its line of businesses includes retail banking, corporate, wholesale and investment banking, wealth management and private banking; as well as Islamic banking, brokerage, property management and leasing. After the merger First Abu Dhabi Bank controlls assets totalling USD 175 billion.
NBAD became an Equator Principles signatory in September 2015. BankTrack profiled this financial institution as part of our Equator Principles Track and Chase Project.
| Website | https://www.bankfortheuae.com/en/home/ |
| Headquarters |
Khalifa Business Park
Abu Dhabi
United Arab Emirates
|
| CEO/chair |
Abdulhamid M. Saeed CEO |
| Supervisor | |
| Annual reports |
NBAD annual report 2016 NBAD Corporate Sustainability report 2015 NBAD Annual report 2015 |
| Ownership |
listed on Abu Dhabi Securities Exchange
|
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First Abu Dhabi Bank (FAB) has committed itself to the following voluntary standards:Issues
First Abu Dhabi Bank (FAB) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. First Abu Dhabi Bank (FAB) adopted the Equator Principles in 2015.
Reporting on the Equator Principles
First Abu Dhabi Bank (FAB) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- First Abu Dhabi Bank (FAB) is not in compliance with its reporting obligations. The link provided does not link to the required information
Equator Principles
Implementation and reporting
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