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Saturday, November 28 - 2009

NBAD joins Securities & Investment Institute as first UAE corporate member

  • United Arab Emirates: Tuesday, October 14 - 2008 at 13:44
  • PRESS RELEASE

National bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, TODAY announced that it has become the first UAE corporate member of the Securities & Investment Institute ('SII'), the leading and most widely respected professional body for those who work in the securities and investment industry.

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The decision reflects NBAD's keen interest in promoting and improving good corporate governance practices.

Corporate Membership of the SII represents NBAD's public commitment to excellence, quality and integrity.

Corporate membership carries responsibilities such as actively supporting individual membership of the SII, encouraging staff to take SII examinations, maintaining NBAD staff's ongoing competence through SII's Continuing Professional Development (CPD), and endorsing and adhering to the SII code of conduct.

"We are delighted to have become a corporate member of the SII. At NBAD we believe good corporate governance has a significant positive effect on our performance as it enhances corporate accountability, hence, improve business relationships with stakeholders."
said Mr. Abdulla Mohammed Saleh AbdulRaheem, NBAD's Senior General Manager and Group Chief Operating Officer.

"NBAD's business performance is the outcome of the many approaches it adopts with regard to good corporate governance, fostering leadership, developing its people, implementing strategies, serving its customers, constantly improving its processes and systems and pursuing corporate social responsibility. Excellent organizations invariably use these factors as the enablers to achieve excellent performance. NBAD has been a recipient of many excellence and best bank awards over the years in its pursuit of organizational excellence. As a responsible and transparent financial institution, NBAD looks forward to working closely with SII to actively promote and improve good corporate governance practices in the UAE and in other countries where we operate."
said Mr Abdulla Saleh.

Simon Culhane FSI, Chief Executive of SII, said,
"We are delighted to welcome the National Bank of Abu Dhabi as our first UAE corporate member. SII corporate membership demonstrates publicly that a firm is a leader in integrity and competence. By signing up to our Code of Conduct and supporting employees who become members of SII, NBAD is demonstrating its professionalism."

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Notes and media contacts

About NBAD:

The National Bank of Abu Dhabi (NBAD), The Number One Bank in the UAE, was incorporated in 1968.

NBAD has a network of 80 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 223 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 the Middle East Excellence Award 2008, the Mohamed Bin Rashid Al Maktoum Business Award 2007, the Sheikh Khalifa Excellence Award, Dubai Quality Award, '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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