First Abu Dhabi Bank PJSC (FAB) history, profile and corporate video
First Abu Dhabi Bank PJSC (FAB) is a major bank in the United Arab Emirates (UAE) and is headquartered in Abu Dhabi, UAE. It was formed in April 2017 as a result of a merger between First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD).
The First Abu Dhabi Bank (FAB) name reflects the two banks’ roots in the region and FAB’s brand identity combined the ‘Abu Dhabi’ and ‘First’ identities from NBAD and FGB.
First Gulf Bank (FGB)
Established in 1979, FGB was the third largest bank by assets in the United Arab Emirates.
National Bank of Abu Dhabi (NBAD)
National Bank of Abu Dhabi was founded in 1968 by a decree of the Late Sheikh Zayed Bin Sultan Al Nahyan, then the Ruler of Abu Dhabi.
The company operates through the following business segments: Personal Banking, Business Banking, and Corporate & Investment Banking.
The Personal Banking segment provides accounts, cards, Prepaid Cards, loans, mortgages,
Bancassurance, savings, investments, Wealth Solutions, deposits, private banking, and Shariah-compliant personal and investment banking and finance solutions (FAB Islamic).
The Business Banking segment offers business accounts, cards and loans, mortgages, SME growth loan, trade and working capital, foreign exchange solutions, insurance & wealth, and cash management.
Corporate & Investment Banking
The Corporate & Investment Banking segment involves global transaction banking, global corporate finance, global markets, CIB – FAB Islamic, and market insights.
With a presence in five continents: Asia Pacific, Europe, Americas, Middle East and Africa, First Abu Dhabi Bank PJSC (FAB) is considered one of the largest banks in the United Arab Emirates and one of the world’s largest and safest institutions. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.bankfab.com/en”.
**Video published on YouTube by “FAB Connects“.