NBAD Private Bank (Suisse) to launch trade finance service
- United Arab Emirates: Thursday, March 06 - 2008 at 13:37
- PRESS RELEASE
In its first meeting in Abu Dhabi, the board of NBAD Private Bank (Suisse) SA, the private banking arm and wholly owned subsidiary of the National Bank of Abu Dhabi Group, has agreed to set to set up trade finance services in Geneva which will be operational from April 2008.
The third Board meeting of NBAD Private Bank (Suisse) SA was attended by all the Swiss Board members along with Mr. Qamber Al Mulla, Senior General Manager International Banking and Mr. Michael H. Tomalin, NBAD's Chief Executive, serving as Chairman of the Swiss Bank.
NBAD Private Bank (Suisse) SA, was launched in June 2007 to offer full private banking services aided by local private teams in UAE and in locations where NBAD operates. It offers discerning high-net-worth individuals tailor-made and state of the art private banking and wealth management services.
The Swiss Board members, on their first visit to the UAE, were impressed with the city of Abu Dhabi, its infrastructure, and with NBAD, the Number One Bank in the UAE.
The management was represented by the General Manager, Mr. Khaled Suleiman, Mr. Urs Ruppli, Chief Operating Officer, Mr. Claude-Henri Chavanon, Chief Investment Officer and Mr. Simon Durrance, Chief Financial Officer.
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The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968. NBAD has a network of 77 branches in the UAE in addition to Cash offices that are spread out at remote locations to provide banking services to customers stationed at offshore oil operations and in desert locations as well as other government organizations. NBAD also has three Shift offices inside the security areas of the Abu Dhabi International Airport providing currency & traveler's cheques exchange services.
The branch network is widened further with 193 ATMs through which customers perform a variety of transactions.
Besides brick & mortar branches, NBAD provides 24 hour internet banking accessibility through NbadOnline and NbadDirect, as well as account access and personalized customer support through the 24-hour Call Centre.
NBAD's overseas network stretches from Oman, Kuwait, and Bahrain in the G.C.C., Egypt and Sudan in Africa, London, Paris, and Geneva in Europe to Washington D.C. in the U.S.A.
The bank provides its customer with a wide variety of financial services targeted at all segments of the retail and corporate market in addition to Fund Management, Brokerage, Leasing, Property Management businesses and Private Banking.
NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moodys and AA-/F1+ by Fitch giving one of the strongest combined rating of any Middle Eastern financial institution.
NBAD is an award winning leader in the UAE and GCC financial services industry. Awards won by the bank include 'Best Bank in UAE' from Euromoney and Banker publications, 'Human Resources Development Award' from the Emirates Institute for Banking & Financial Studies, the 'Middle East e-Banking Country Award', the 'Outstanding use of IT in Financial Services Award, and excellence award for 'Best use of Technology' from Banker Middle East.
For Media enquires, please contact:
Ehab Khairi
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
Mob: + 971508126799
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Posted by Eman Hassan



