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NBAD and HCT team up to develop financial leaders

  • United Arab Emirates: Wednesday, June 17 - 2009 at 13:02
  • PRESS RELEASE

The National Bank of Abu Dhabi (NBAD) has signed an agreement to establish two NBAD Deans in Banking and Finance at the Higher Colleges of Technology (HCT); becoming one of the founding members of the HCT Foundation's 100-Club.

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  • Agreement was signed between HE Sheikh Nahayan Mabarak Al Nahayan, Minister of Higher Education and Scientific Research, Chancellor of the Higher Colleges of Technology and HE Nasser Ahmed Khalifa AlSowaidi, Chairman of the National Bank of Abu Dhabi.
    Agreement was signed between HE Sheikh Nahayan Mabarak Al Nahayan, Minister of Higher Education and Scientific Research, Chancellor of the Higher Colleges of Technology and HE Nasser Ahmed Khalifa AlSowaidi, Chairman of the National Bank of Abu Dhabi.
The agreement was signed in Abu Dhabi by HE Sheikh Nahayan Mabarak Al Nahayan, Minister of
Higher Education and Scientific Research, Chancellor of the Higher Colleges of Technology and HE Nasser Ahmed Khalifa AlSowaidi, Chairman of the National Bank of Abu Dhabi.

NBAD's three year sponsorship will fund two Deans in Banking and Finance based at HCT's Abu Dhabi Women's College and Al Ain Men's College. The Deans will work in consultation with other experts across the organization to review, design and develop state-of-the art programs that meet the needs of students and industry. Best practices will be used to improve academic standards, evaluate student performance and facilitate faculty development.

Ranked as one of the top 50 safest banks in the world, NBAD currently operates across eleven countries on four continents. They have one of the largest branches and ATM networks in the UAE with more than 85 branches, 270 ATMs and employ over 3,000 staff.

"Emiritization is a top priority for NBAD. We are constantly looking to attract and develop the brightest banking professionals and this partnership with HCT will ensure that students will be given every opportunity to develop their banking and financial skills. We are also very pleased to become a founding member of the 100-Club,"
said HE Nasser Ahmed Khalifa AlSowaidi, Chairman of the National Bank of Abu Dhabi.

"Since its inception in 1968, NBAD has been committed to the service of the UAE society. This pledge emanates from our belief that social responsibility is one of the pillars which underpin our success as a responsible financial institution. In our CSR policy we pledged to act as a role model in the social and environmental development of the UAE and the countries in which we operate. We are engaged in many vital activities in this regard such as donations, sponsorships, corporate philanthropy and CSR projects. Our community support focuses on the areas of education, community development, environment, art, music and sports," NBAD's Chairman added.

In 2007, as part of its 20th anniversary initiative, the Higher Colleges of Technology established the HCT Foundation with a mandate to provide partnership opportunities for both the corporate and non-profit sectors. The Foundation has added 25 companies who have made significant contributions to its 100-Club.

"NBAD is known for their commitment to the economic and social development of the UAE and to providing the highest standards of service. We are delighted to partner with NBAD to develop future financial leaders and we are proud to welcome them into the HCT Foundation 100-Club," said Dr Tayeb Kamali, Vice Chancellor of the HCT.
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Notes and media contacts

About the Higher Colleges of Technology (HCT)
HCT was founded in 1988 as the mass provider of higher education for UAE nationals. In a short span of 21 years, HCT has grown tremendously to become the largest higher educational institution in the UAE, with nearly 17,000 students currently studying at 16 campuses across the country and over 25,000 professional graduates playing an important role in the development of the UAE.

HCT delivers programs in Applied Communications, Business, Engineering, Health Sciences, Information Technology and Education.

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 more than 85 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 more than 270 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 GCC, Egypt, Libya, and Sudan in Africa, London, Paris and Geneva in Europe to Washington D.C. in the U.S.A. The bank provides its customers 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 ratings 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 Sheikh Khalifa Excellence Award, the Mohamed Bin Rashid Al Maktoum Business Award 2007, the Middle East Excellence Award, 2008 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 further enquiries, please contact:
Ehab Khairi Hassan
Media & PR Manager
National Bank of Abu Dhabi
Tel: +97126111190
or
Adele Stevens
Communications & Marketing Specialist
Office of the Vice Chancellor
Higher Colleges of Technology
Centre of Excellence for Applied Research & Training
Tel: 02 404 8541
Fax: 02 446 2050

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