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Home › Bank profiles
First Abu Dhabi Bank (FAB)United Arab Emirates
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Created on: 2017-02-13 14:40:04
Last update: 2021-09-17 11:28:33

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First Abu Dhabi Bank head offices, Khalifa Business Park Abu Dhabi. Photo: Google Earth/Streetview

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
Central Bank of United Arab Emirates
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

First Abu Dhabi Bank (FAB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Dodgy Deals map

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Targets
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Active profiles
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On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
First Abu Dhabi Bank (FAB)
2021-06-14
ARE
2020
1
0
0
1.000000001E+36
0
United Arab Emirates
Profile
Reporting period
2020
PF deals under EP
1
Project names reported
0
% Project names reported
0
20210614
Last update: 2021-06-14
Explanation

EP reporting page: https://equator-principles.com/reporting-first-abu-dhabi-bank-fab-2019/

Explanation

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. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
First Abu Dhabi Bank (FAB)
2021-11-04
ARE
-10000
United Arab Emirates
Profile
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20211104
Last update: 2021-11-04
Explanation

First Abu Dhabi Bank joined the NZBA in October 2021

References
2021-11-4

FAB joins UAE’s race for net-zero carbon emissions by 2050

2021-11-4 | First Abu Dhabi Bank
Explanation

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

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Saudi Aramco closes US$10bn loan

2020-05-12 | London | Reuters
blog
external news
our news

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
blog
external news
our news

Massive forest fires and haze in Indonesia create public health and climate crisis

2019-09-19 | Environmental Paper Network
blog
external news
our news

FAB becomes first UAE bank to sign up to UN Global Compact

2017-11-28 | The Gulf Today
blog
external news
our news

NBAD, FGB merge, now 'First Abu Dhabi Bank'

2017-04-02 | Gulf News
blog
external news
our news

FGB and NBAD shareholders approve merger to create UAE’s largest bank

2016-12-08 | Emirates247.com

Documents

Type:
Year:
annual reports
2021-09-17 00:00:00

Annual report 2020

2021-09-17 00:00:00 | First Abu Dhabi Bank
csr policies
2021-09-17 00:00:00

Sustainability policy statement

Date listed represents date as accessed on website
2021-09-17 00:00:00 | First Abu Dhabi Bank
csr policies
2021-09-17 00:00:00

Policy Statements

Date listed represents date as accessed on website
2021-09-17 00:00:00 | First Abu Dhabi Bank
annual reports
2021-09-17 00:00:00

CSR Report 2020

2021-09-17 00:00:00 | First Abu Dhabi Bank
annual reports
2020-09-28 00:00:00

Annual report 2019

2020-09-28 00:00:00 | First Abu Dhabi Bank
annual reports
2020-09-28 00:00:00

CSR report 2019

2020-09-28 00:00:00 | First Abu Dhabi Bank
annual reports
2019-10-04 00:00:00

CSR report 2018

2019-10-04 00:00:00 | First Abu Dhabi Bank
bank documents
2019-07-31 00:00:00

Equator Principles report 2018

2019-07-31 00:00:00 | First Abu Dhabi Bank
annual reports
2019-06-30 00:00:00

Annual report 2018

2019-06-30 00:00:00 | First Abu Dhabi Bank
csr policies
2018-09-03 00:00:00

Wolfsberg questionnaire

2018-09-03 00:00:00 | First Abu Dhabi Bank
annual reports
2018-03-31 00:00:00

CSR report 2017

2018-03-31 00:00:00 | First Abu Dhabi Bank
annual reports
2018-03-31 00:00:00

Annual report 2017

2018-03-31 00:00:00 | First Abu Dhabi Bank
csr policies
2017-11-07 00:00:00

Anti money laundering policy

Date listed represents date as accessed on website
2017-11-07 00:00:00 | First Abu Dhabi Bank
annual reports
2017-04-30 00:00:00

NBAD annual report 2016

2017-04-30 00:00:00 | NBAD
annual reports
2016-03-31 00:00:00

NBAD Corporate Sustainability report 2015

2016-03-31 00:00:00 | NBAD
annual reports
2016-03-31 00:00:00

NBAD Annual report 2015

2016-03-31 00:00:00 | NBAD

Links

Corporate Social Responsibility webpage

https://www.bankfab.com/en-ae/about-fab/sustainability

EPN assessment of policies against 14 minimum criteria - First Abu Dhabi Bank

Environmental Paper Network (EPN) evaluated the policies of 68 major financiers of the pulp and paper industry against 14 absolute minimum criteria that all financial institutions should require their clients, investments and business partners to respect in order to reduce social and environmental risks.

https://environmentalpaper.org/first-abu-dhabi-bank/

Policies

Voluntary standards

First Abu Dhabi Bank (FAB) has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Equator Principles
  • Global Reporting Initiative
  • Green Bond Principles
  • Net-Zero Banking Alliance (NZBA)
  • Principles for Responsible Banking (PRB)
  • United Nations Global Compact

Investment policies

First Abu Dhabi Bank's webpage on corporate and social responsibility can be accessed here.

Year:
csr policies
2021-09-17 00:00:00

Sustainability policy statement

Date listed represents date as accessed on website
2021-09-17 00:00:00 | First Abu Dhabi Bank
csr policies
2021-09-17 00:00:00

Policy Statements

Date listed represents date as accessed on website
2021-09-17 00:00:00 | First Abu Dhabi Bank
csr policies
2018-09-03 00:00:00

Wolfsberg questionnaire

2018-09-03 00:00:00 | First Abu Dhabi Bank
csr policies
2017-11-07 00:00:00

Anti money laundering policy

Date listed represents date as accessed on website
2017-11-07 00:00:00 | First Abu Dhabi Bank

Equator Principles

Implementation and reporting

Contact and complaints

Good moves

Year:
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