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About First Abu Dhabi Bank (FAB)
First Abu Dhabi Bank (FAB) was established in April 2017 through the merger of the National Bank of Abu Dhabi and First Gulf Bank. FAB is the largest bank in the United Arab Emirates. It offers deposits, personal loans, e-banking, trade finance, foreign exchange, and other banking services. First Abu Dhabi Bank became a signatory to the Equator Principles in September 2015. BankTrack profiled this financial institution as part of our Tracking the Equator Principles campaign.
Website | https://www.bankfab.com/en-ae/about-fab |
Headquarters |
Al Qurm – Business Park P.O. Box 6316
Abu Dhabi
United Arab Emirates
|
CEO/chair |
Hana Al Rostamani Group CEO |
Supervisor | |
Annual reports |
Annual report 2020 CSR Report 2020 |
Ownership |
listed on Abu Dhabi Securities Exchange
First Abu Dhabi Bank's largest shareholder is the Mubala Investment Company (37%). The bank's complete shareholder structure can be accessed here. |
Complaints and grievances |
First Abu Dhabi Bank does not have a complaints or grievances channel for individuals or communities who might have been affected by the bank's finance. |
Related Dodgy Deals
Dodgy Deals map
Policy Assessments
Tracking the Equator Principles
EPFIs reporting status
Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period.
Banks and Climate
Bank net zero commitments
This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.
- A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
- An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.
Abbreviations:
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
News
Documents
Links
Policies
Voluntary standards
First Abu Dhabi Bank (FAB) has committed itself to the following voluntary standards:Investment policies
First Abu Dhabi Bank's webpage on corporate and social responsibility can be accessed here.