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About FAB Group

Group

FAB, the UAE’s largest bank and one of the world’s largest and safest institutions, offers an extensive range of tailor-made solutions, and products and services, to provide a customised experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.


Headquartered in Abu Dhabi in Khalifa Business Park, the bank’s international network spans five continents, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience, and will support the growth ambitions of its stakeholders across countries in which the bank operates. To empower its customers and clients to Grow Stronger, FAB initiated a powerful movement, which goes beyond banking. The Grow Stronger movement represents the bank’s promise to support its stakeholders’ goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future.

With total assets of AED 732 Billion (USD 199 Billion) as of September-end 2018, FAB is rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, the strongest combined ratings of any bank in the MENA region. The Bank has been ranked by Global Finance® as the safest bank in the UAE and the Middle East. In the Top 1000 World Banks 2018 ranking by The Banker Magazine, FAB ranks #1 in the Middle East and #81 in the World by capital strength, and #116 by total assets globally. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.

About FAB

Our Vision


Creating value for our customers, employees, shareholders and communities to grow stronger through differentiation, agility and innovation.


Customers

We empower our customers to grow stronger through choice, convenience, and customized products and services.

Employees

We create an environment where our people can leverage their strengths and excel in their performance.

Shareholders

We deliver superior and sustainable returns to our shareholders.

Communities

We build a legacy of positive change in our communities.

Personal Banking strategic focus

Dominant personal bank in UAE

  1. Bank of choice across key segments in Abu Dhabi, and enhanced market share in Dubai and Northern Emirates
  2. Multichannel and ‘smart’ distribution model leveraging on digital solutions
  3. Leader in everyday banking anchored in payment solutions and cards
Learn more

Regional wealth adviser of choice

  1. Access new high growth HNWI segments
  2. Use global network to expand product and service range
  3. Deepen existing relationships with increased cross-sell

Corporate and Investment Banking strategic focus

International business built around UAE knowledge and relationships

  1. Access new high growth HNWI segments
  2. Use global network to expand product and service range
  3. Deepen existing relationships with increased cross-sell
Learn more

Trusted partner to CIB customers

  1. Leverage scale and cross-sell to deepen client relationships and increase share of wallet in UAE and abroad
  2. Preferred banking partner for government and government related entities
  3. One-stop shop banking partner for large corporates and mediumsized businesses

About FAB

Our integration journey


We have achieved great success in our integration journey, delivering all planned milestones in 2017 as well as exceeding our cost synergy realization targets and improving operating efficiency.

“The success of our integration journey so far comes as a result of the strong commitment to our plans across the bank. 2017 was a year of transition for us and we are confident that 2018 will be a year of consolidation and growth.”


Abdulhamid Saeed

Group Chief Executive Officer


2016

  1. 3 July: FGB-NBAD merger announcement
  2. Appointment of Chief Integration Officer and external consultants
  3. Integration Steering Committee (ISC) and Integration Management Office (IMO) established
  4. Appointment of Senior Leadership team
  5. Merger approved by shareholders at General Assembly Meeting
  6. Filing of special resolution and credit objection period

2017

  1. 2 April: merger completion; first day of trading of new shares
  2. Name change to First Abu Dhabi Bank (FAB) approved by shareholders at General Assembly Meeting
  3. Harmonization of Group policies and risk framework, finalization of organisational structure and operating model, and network optimization
  4. CIB product and pricing harmonization completed
  5. Launch of new brand identity and brand roll-out across local and international network
  6. Subsidiaries: Integration of real estate and property management businesses completed, integration of Islamic finance subsidiaries on track; brokerage business re-branded

Milestones to be delivered in 2018

  1. IT system integration on track to be completed around the end of 2018
  2. PBG product and pricing harmonization
  3. Strategic review and implementation of international value proposition
  4. Ongoing UAE and international network optimization
  5. Ongoing process refinements, simplification and automation

Our integration journey in numbers

~AED500Mn

IT system integration on track to be completed around the end of 2018

~AED1.5Bn

Cost synergies annual run-rate 2020 target, up from a previous target of ~AED 1 billion

AED1.1Bn

Estimated one-off integration costs over 2017-2019

27.7%

2017 cost-income ratio (ex-integration costs), notably improving from 2016 level (28.3%)

Global Corporate Finance

Corporate & Investment Banking

Our Corporate and Investment Banking group operates a client driven model with local and international expertise, designed to ensure our clients are set up for success and grow stronger wherever they operate or choose to do business.

Personal

Personal Banking

Our products are designed with the flexibility to service all your personal banking needs including accounts, credit and debit cards, loans, insurance and savings allowing you to take control of your finances.

private

Private Banking

Protecting your wealth is one of our core services, whether your goal is to preserve your capital, enhance investment performance or seize opportunities available in the market, our private banking develops the strategies most suitable to your individual needs.

Contact Us

Telephone


Tel: +1 202 842 7900


Fax: +1 202 842 7955

Address


First Abu Dhabi Bank USA N.V.

1430 K Street, NW,

Suite 400, Washington

DC 20005, U.S.A.


Opening Hours


Monday to Friday

9:00 am to 5:00 pm

Customer Enquiries


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