Company Insights National Bank of Abu Dhabi Banking and Finance National Bank of Abu Dhabi Overview National Bank of Abu Dhabi was a public joint stock bank mostly owned by the Abu Dhabi Investment Council. In December 2016 it merged with the First Gulf Bank to form First Abu Dhabi Bank, the largest bank by assets and the largest lender in the United Arab Emirates. Before the merger National Bank of Abu Dhabi was the largest lender bank in the UAE. Its line of businesses included retail banking, corporate, wholesale and investment banking, wealth management and private banking, as well as Islamic banking, brokerage, property management and leasing. National Bank of Abu Dhabi News Opinion Banking and Finance Kuwait’s first banking merger is long overdue There have been bank mergers in every other GCC state – Kuwait might finally join the club September 20, 2024 Banking and Finance Bahraini ‘repo’ platform targets GCC-wide trading A new platform focused on repurchase agreements has launched in Bahrain with the aim of increasing trading liquidity for bonds across the Gulf. A repurchase agreement, also known as a “repo”, is a form of short-term borrowing, mainly in government securities. Repo transactions between banks allow them to manage their liquidity. One side with excess […] November 8, 2023 Banking and Finance Standard Chartered still attractive to possible buyers Standard Chartered will remain in the sights of cash-rich potential buyers thanks to the bank’s relatively cheap valuation and hard-to-replicate footprint, analysts told AGBI. It is listed and headquartered in London, yet 87 percent of its half-year income was derived from Asia, the Middle East and Africa. Over the past decade, Standard Chartered has sold […] September 18, 2023 Analysis Banking and Finance UAE needs bigger but fewer banks, says expert The United Arab Emirates (UAE) has too many banks and the sector needs to see more consolidation, especially as profits are squeezed and costs continue to rise, an industry expert told AGBI today. “I think it would be helpful to have fewer banks [in the UAE]. I have been an advocate of that,” Asad Ahmed, […] May 20, 2022 Posts navigation
Opinion Banking and Finance Kuwait’s first banking merger is long overdue There have been bank mergers in every other GCC state – Kuwait might finally join the club September 20, 2024
Banking and Finance Bahraini ‘repo’ platform targets GCC-wide trading A new platform focused on repurchase agreements has launched in Bahrain with the aim of increasing trading liquidity for bonds across the Gulf. A repurchase agreement, also known as a “repo”, is a form of short-term borrowing, mainly in government securities. Repo transactions between banks allow them to manage their liquidity. One side with excess […] November 8, 2023
Banking and Finance Standard Chartered still attractive to possible buyers Standard Chartered will remain in the sights of cash-rich potential buyers thanks to the bank’s relatively cheap valuation and hard-to-replicate footprint, analysts told AGBI. It is listed and headquartered in London, yet 87 percent of its half-year income was derived from Asia, the Middle East and Africa. Over the past decade, Standard Chartered has sold […] September 18, 2023
Analysis Banking and Finance UAE needs bigger but fewer banks, says expert The United Arab Emirates (UAE) has too many banks and the sector needs to see more consolidation, especially as profits are squeezed and costs continue to rise, an industry expert told AGBI today. “I think it would be helpful to have fewer banks [in the UAE]. I have been an advocate of that,” Asad Ahmed, […] May 20, 2022
