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Created on: 2017-02-13 14:40:04
Last update: 2021-09-17 11:28:33
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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.
Al Qurm – Business Park P.O. Box 6316
United Arab Emirates
Hana Al Rostamani |
Annual report 2020|
CSR Report 2020
listed on Abu Dhabi Securities Exchange
|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
Tracking the Equator Principles
EPFIs reporting status
EP reporting page: https://equator-principles.com/reporting-first-abu-dhabi-bank-fab-2019/
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
First Abu Dhabi Bank joined the NZBA in October 2021
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.
CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets
Global finance sector failing to apply conservation criteria to pulp and paper funding
Massive forest fires and haze in Indonesia create public health and climate crisis
Voluntary standardsFirst Abu Dhabi Bank (FAB) has committed itself to the following voluntary standards:
First Abu Dhabi Bank's webpage on corporate and social responsibility can be accessed here.