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Sunday, November 29 - 2009

National Bank of Abu Dhabi

Name National Bank of Abu Dhabi
Sector Finance & Insurance - Commercial Banks
Trading ADX
RIC Code NBAD.AD
Location UAE

Profile and Background

NBAD was established in 1968 in Abu Dhabi as a commercial bank and has since expanded its operations both in terms of geographic coverage and scope of activities. With 58 branches across the UAE and 120 ATMs, the bank has the largest branch network and is considered the largest bank in the country in terms of assets, deposits, as well as net earnings.

In 1999 the bank's management implemented a strategy to expand into retail banking which in turn allowed the bank's net interest margins to expand as its retail loan base expanded. NBAD is also regarded highly as a lead arranger in project finance deals among all banks in the UAE as well as the largest ten banks in the GCC.

NBAD also has an extensive regional and international network operating a subsidiary company, Abu Dhabi International Bank, with twelve branches in Egypt, as well as branches in Bahrain, Oman, Sudan, France, the UK and the US.

Shareholding Groups

Individuals N/A
Institutions N/A
Floating N/A
Government 73%

Board Members (Listed in alphabetical order)

Stock Performance

National Bank of Abu Dhabi Stock Performance

Market Information

Stock UAE Index
Last Closing AED 51 5339.64
YTD % 145.19% 81.7%
Weekly % 3.553% -0.08%
Year High AED 53 5771.11
Year Low AED 20.55 2938.78
52 Week High AED 335.1 5771.11
52 Week Low AED 33.5 1639.31
BETA 1.677
Outstanding Shares 941,600,000
Market Cap AED 48,021,600,000
Market Cap in $ USD $13,074,573,226
% of UAE Market 8.15%
% of Sector 15.28%
Rank by Cap 3

Key Figures in '000 AED

2003 2002 2001
Total Assets 43,622,679 39,046,144 32,252,398
Shareholder's Equity 4,054,473 3,570,453 3,230,087
NIAT 805,226 654,190 607,712
Dividends 329,560 282,480 282,480

Financial Ratios

2003 2002 2001
Assets Growth 11.72% 21.06% -11.48%
Earning Growth 23.09% 7.65% 18.42%
ROaA 1.95% 1.84% 1.77%
ROaE 21.12% 19.24% 19.79%
No. Of Shares 94,160,000 94,160,000 9,416,000
EPS 8.55 6.95 64.54
EPS Growth 23.09% 7.65% 18.42%
Payout Ratio 40.928 43.18 46.483

Valuation Ratios

Trailing
PE 59.64
PB 11.84
DVPS 0.35
Div Yield 0.69%
EV 10,922,560.00
EV/Equity 2.69
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