NBAD celebrates UAE National Day
- United Arab Emirates: Thursday, November 29 - 2012 at 16:34
- PRESS RELEASE
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, celebrates the 41 UAE National Day with a series of events to mark this auspicious occasion with all the citizens and residents of the UAE.
The Bank's employees, customers, and the public participated in a variety of cultural and traditional activities held in the bank's branches to commemorate the event.
At One NBAD Tower, the Bank's Head Office and an Abu Dhabi landmark, and several other branches in the seven emirates, the Bank sponsored events to celebrate UAE's rich heritage and culture.
"We cordially extend our congratulations to the people and residents of the UAE on this glorious occasion. Since its inception in 1968, NBAD has been playing vital roles in the economic and social development of the UAE," Mr. Alsowaidi said.
NBAD highlights that the wise and far-sighted leadership that this nation has benefited from has enabled the Bank's many successes. Since 2009, NBAD has been ranked one of the World's 50 Safest Banks by Global Finance, and the safest bank in the Middle East.
The Bank currently operates across 15 countries on four continents. It has a network of 122 branches and more than 560 ATMs in the UAE as well as 55 units and 60 ATMs outside the UAE.
"The growth of NBAD mirrors the growth of the UAE. The late Sheikh Zayed bin Sultan Al Nahyan, Founder of the UAE, had a great vision for this country, and part of the vision was to establish a national bank. The strength and vitality of NBAD today bears witness to that vision," said Mr. Abdulla M.S. AbdulRaheem, the Deputy Group Chief Executive of NBAD.
In the last decade, NBAD grew more than 10 times, a splendid growth that was not from acquisitions but from organic growth and entry into a number of new markets and businesses. In 2010, NBAD became the first UAE bank to break the $1bn in annual net profits, repeating the feat achieved in 2004 when it as the first UAE bank to earn more than Dhs1bn in net profits.
NBAD is also the UAE's foremost international flag bearer. The Bank has expanded the NBAD brand globally. In 1999, it operated 13 branches outside the UAE. This network has increased steadily and reached 55 by 2012. This year, NBAD has launched operations in Shanghai, China and Malaysia and has plans to expand its International network from 14 countries overseas currently to 41 in the next decade.
"As the number one bank in the UAE, we pledge to provide innovative, efficient, and secure products and services to make our valued customers enjoy a convenient banking experience," said Abdulla Bin Khalaf Al Otaiba, the Senior General Manager of Domestic Banking Division of NBAD.
NBAD has been committed to the service of UAE society. This pledge emanates from the Bank's belief that social responsibility is one of the pillars which underpin its success as a responsible financial institution.
"As a responsible bank, one of our primary objectives is to attract, motivate, retain and develop UAE nationals to become leading professionals in the banking and finance industry. We look forward to further strengthen our role in the economic and social development of the UAE," Mr. Al Otaiba said.
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