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Saturday, November 28 - 2009

NBAD staff receive 25 years service rewards

  • United Arab Emirates: Tuesday, October 26 - 2004 at 16:03
  • PRESS RELEASE

National Bank of Abu Dhabi hosted a key celebration for its employees for a remarkable 25 years of service.

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  • Attended by senior management including bank Chief Executive Michael Tomalin, NBAD hosted a ceremony to highlight and reward those who had committed their long-term working lives to the bank.
    Attended by senior management including bank Chief Executive Michael Tomalin, NBAD hosted a ceremony to highlight and reward those who had committed their long-term working lives to the bank.
Attended by senior management including bank Chief Executive Michael Tomalin, NBAD hosted a ceremony to highlight and reward those who had committed their long-term working lives to the bank.

"This loyalty and long-service is testimony to the fact that NBAD regards its people as our most valuable asset. Not many companies these days can boast that almost 30% of the Bank's existing workforce has been with us for over 15 years," Mr Tomalin said.

Mr Tomalin thanked the group for its service in what has proved to be a landmark year for NBAD in both its performance and recognition.

In its 36th Anniversary year, and as the UAE's largest bank, NBAD has heralded a *landmark 12 months with a number of key successes ranging from record profits to the unprecedented expansion of its product and service offering.

"Quality and business excellence is intrinsically built in to our corporate culture. We believe in continuous improvement and effective deployment of the business excellence model, in our everyday business reinforcing the belief that quality is the role of all employees.

"In regard to future employment focus, Mr Tomalin said: "One of our primary objectives is to attract, motivate, retain and develop UAE Nationals, to become leading professionals in the banking and finance industry"

He said NBAD staff all played a great role in the performance of the bank and he looked forward to working with them for many more years to come.
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Notes and media contacts

Record profits of AED 805 Million were reported for the year ended 31 December 2003 - the highest level achieved in the history of NBAD. The increase in net profits of AD151 Million is a 23% increase over 2002. The return on equity in 2003 was 21.1%, surpassing the Bank's 20% return on equity target and making NBAD one of the most profitable banks in the UAE.

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