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Wednesday, December 2 - 2009

NBAD prepares for Basle II

  • United Arab Emirates: Saturday, October 01 - 2005 at 16:08
  • PRESS RELEASE

National Bank of Abu Dhabi (NBAD) as part of its on- going preparation for Basel II has appointed Rohit Kumar as Project Manager.

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Rohit joins the bank from ICRA Management Consulting Services, where he was General Manager & Head - Banking & Finance.

Sakit Al Jundi, General Manager Risk at NBAD, commenting on this appointment said. "Basel II presents new and exciting challenges for UAE banks. We are working hard to ensure NBAD is fully compliant with the new requirements. He added that the Bank has already acquired the required risk management systems to achieve this goal and is in the process of making all the required resources available to meet Basel II requirements by adopting the Foundation Internal Rating approach."

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