
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | 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 | |
Ownership |
listed on Abu Dhabi Securities Exchange
First Abu Dhabi Bank's largest shareholder is the Mubadala Investment Company (37.9%). The bank's complete shareholder structure can be accessed here. |
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.
First Abu Dhabi Bank's webpage on corporate and social responsibility can be accessed here.
First Abu Dhabi Bank (FAB) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of First Abu Dhabi Bank (FAB)'s link to these deals.
Banks and Nature
FAB’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 0.2 out of 10 and ranking it as a laggard. FAB achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0.2 out of 10 for its policies related to the palm oil sector. In addition, BankTrack and the Environmental Paper Network have assessed FAB’s policies related to the pulp and paper sector.
Between 2016 and 2022, FAB provided USD 766 in credit to companies operating in these forest-risk sectors. For more information, see the links below.
Forest & Finance Policy Assessment 2022: Overall scores
A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Forest & Finance Policy Assessment 2022: Beef
A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
Forest & Finance Policy Assessment 2022: Palm Oil
A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:
First Abu Dhabi Bank does not have a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.
This page evaluates First Abu Dhabi Bank (FAB)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 200
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 209
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 217
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 220
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once
A PHP Error was encountered
Severity: Warning
Message: Division by zero
Filename: bankprofile/response_tracking.php
Line Number: 223
Backtrace:
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler
File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view
File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv
File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view
File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 332
Function: content
File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once