The merger of FGB and NBAD accelerates the growth strategies of these two successful Abu Dhabi banks with the aim to serve customers better in a fast-changing global environment.
The combined bank brings together two full service financial institutions with market leading strengths.
FGB built a market-leading consumer banking franchise, with one of the strongest credit card offerings in the UAE and a long-standing National Housing Loan programme run for the Abu Dhabi government. NBAD led in the UAE in wholesale banking and capital markets advisory with strong international connectivity.
The new, well-balanced bank will be an engine of UAE growth, driving further investment and economic diversification, and advancing the ambitions of entrepreneurs and the people they employ. It will support the development of the UAE’s private sector, from SMEs to large companies gathering strength to expand beyond their national borders. And it will be the strategic banking partner to the UAE government and its agencies.