National Bank of Abu Dhabi

National Bank Of Abu Dhabi

Boosting a tradition of over four decades in financial transactions, the National Bank of Abu Dhabi is the largest lender in Abu Dhabi and the second largest lender in UAE. The bank features over 120 offices all around the country and over 490 ATMs in the entire UAE. With a fast growing network and a constant increase in service quality, the National Bank of Abu Dhabi aims at being the best financial institution in the Arabic region. Labeled as the “Safest Bank in the Middle East” and one of the 50 Safest Banks in the world by Global Finance in 2011and as the “Best Bank in UAE” by Euromoney in 2001, 2005, 2009, 2010 and 2011 and by Banker Middle East in 2011, it looks like the National Bank of Abu Dhabi is on the right track for success.

Location

Hosted by One NBAD Tower, a 33 story skyscraper located on Sheikh Khalifa Street, the National Bank of Abu Dhabi boosts an impressive headquarters. The building was started in 1999 and finished in 2002, and is 173 meters in height. The structure is a double tower building with a pyramid cross section and pyramid theme reproduced at the base. Once the tallest building in Abu Dhabi, the National Bank of Abu Dhabi headquarters is currently the 14th tallest building in the capital city of UAE.

History and Role in UAE Development

The National Bank of Abu Dhabi was established in 1968 by decreed of Sheikh Zayed Bin Sultan Al Nahyan (then ruler of Abu Dhabi) as the official bank of Abu Dhabi and bank of “its friends”. The bank functioned as the main financial institution of the state until 1971, when the United Arab Emirates was formed as country. Between 1971 and 1973, the NBAD board actively participated in the establishment of the modern state and in the development of its financial life. In 1973 the NBAD took part in the consultations which lead to the acceptance of the dirham as the official currency and foundation of Central Bank of UAE. In 1975, the National Bank of Abu Dhabi started its international expansion with a branch in Egypt. Other branches were opened in numerous other locations all over the world, consolidating the bank’s position in the top of best Arabic Banks.

National Bank of Abu Dhabi Branches

With an established reputation both nationally and internationally, the National Bank of Abu Dhabi is continuously increasing its network, adding new locations in their financial network each and every year. On a national level, the bank boosts 120 branches and over 490 ATMs, while on the international market the National Bank of Abu Dhabi has 40 branches and over 50 ATMs in 13 countries located on four continents. The Egypt branch was opened in 1975, while the Sudan and Oman branches were established in 1976. The NBAD’s next move was to conquer Europe’s financial markets, with branches in London and Paris. The first and only American branch dates from 1981 and is located in Washington, DC. Other National Bank of Abu Dhabi locations includes Hong Kong, Kuwait, Bahrain, Jordan, Libya and Switzerland branches.

National Bank of Abu Dhabi and local development

The National Bank of Abu Dhabi actively involves in the life of the community, not only by creating long lasting financial strategies, but also by encouraging social, sportive and cultural development. In 2009, 2010 and 2011, the National Bank of Abu Dhabi was the official bank of the Abu Dhabi F1 Grand Prix. By choosing eco-friendly supplies and switching towards alternative energy, the bank tries to limit their effects on the environment. The bank has also an extensive strategy in increasing the percentage of local workforce in order to boost living standards in the area and limit unemployment.

References

More information from NBAB Website.

Picture (source: http://flic.kr/p/2oTs)