NBAD Bank UAE: From Legacy to Leadership with FAB
In the financial evolution of the United Arab Emirates, few institutions have left a deeper imprint than NBAD — the National Bank of Abu Dhabi. As the first commercial bank established in Abu Dhabi back in 1968, NBAD didn’t just offer banking services — it laid the foundation for a future-facing financial sector in the Gulf. Today, NBAD lives on through its transformation into First Abu Dhabi Bank (FAB), the largest bank in the UAE by total assets.
Let’s dive deep into the legacy, innovations, and future of NBAD Bank UAE, tracing its path from a pioneering local bank to a global financial powerhouse.
A Glimpse into NBAD’s Origins
Founded under the directive of the late Sheikh Zayed bin Sultan Al Nahyan, NBAD was envisioned as a cornerstone for economic development in Abu Dhabi. It began as a modest local bank but quickly expanded to 17 countries across Asia, Africa, and Europe, offering services to individuals, SMEs, corporates, and government entities.
Quick Historical Facts:
- Founded: 1968
- Headquarters: Abu Dhabi, UAE
- Regulator: Central Bank of the UAE
- Employees (2016): 6,500+
- Assets (2016): AED 406 billion
- Merger Date: April 1, 2017 → Merged with First Gulf Bank (FGB) to form FAB
What Services Did NBAD Offer?
Before its merger into FAB, NBAD offered a wide array of banking solutions that catered to both traditional and Islamic finance:
🌐 Personal Banking
Customers could open savings accounts, apply for credit cards, or get access to car and home loans. NBAD’s digital platforms allowed users to monitor balances, pay bills, and transfer funds locally and globally via its mobile and online banking portals.
💼 Corporate & Investment Banking
NBAD was a key player in enabling international trade for UAE-based firms, offering trade finance, corporate loans, treasury solutions, and more.
🕌 Islamic Banking
Through its Sharia-compliant division, NBAD provided ethically aligned banking services tailored for both individuals and businesses.
Digital Transformation & Global Footprint
NBAD was among the first regional banks to embrace blockchain technology, joining RippleNet in 2018 to facilitate secure cross-border transactions.
International Offices Included:
- London
- New York
- Paris
- Geneva
- Singapore
- Cairo
- Hong Kong
These international outposts supported UAE investments abroad and enabled NBAD to participate in large-scale interbank and private wealth management deals.
The Merger That Changed UAE Banking Forever
In April 2017, NBAD joined forces with First Gulf Bank to form First Abu Dhabi Bank (FAB). This strategic move wasn’t just about growth — it was a response to the shifting global financial landscape. The UAE needed a banking titan capable of competing internationally, and FAB was born to meet that vision.
Today, FAB carries the legacy of NBAD while pushing boundaries through:
- Advanced AI-powered digital banking
- Expansion into the Asia-Pacific and African markets
- Strong ESG and green financing initiatives
- Cutting-edge wealth and investment solutions
Related Guide:
Key Features & Financial Products (As of 2025)
| Product | Rate (p.a.) | Details |
|---|---|---|
| iSave Account | 5.00% | Valid for new deposits till Jan 31, 2025 |
| Fixed Deposit (1 Month) | 3.38% – 3.43% | Flexible terms from 1 week to 12 months |
| Personal Loans (Expats) | From 5.44% | Tenure up to 5 years |
| Home Mortgage (Reducing) | From 3.89% | Up to 25 years (Offer till May 31, 2025) |
FAB’s Current Standing (2025 Update)
- Total Assets: AED 1.31 trillion
- Net Profits (2024): AED 17.1 billion
- Shareholder Dividends (2023): AED 8.3 billion — record-breaking
- CEO: Hana Al Rostamani continues to lead the bank
- Core Divisions: Corporate Banking, Retail Banking, Investment & Markets, Group Services
FAB remains committed to innovation, global expansion, and sustainability. In 2024, the bank partnered with Broadridge to strengthen its global lending infrastructure and continued to integrate fintech into everyday banking experiences.
Green Leadership & Sustainable Finance
FAB has become a pioneer in sustainable finance in the region. In 2025, it conducted the MENA region’s first nature-finance correlation study and has remained a leading issuer of green bonds and sukuk.
🌱 Looking to open a sustainable bank account or explore green investment opportunities? Contact us to learn how we can help you connect with ESG-compliant banking solutions.
Branch & ATM Access Across the UAE
NBAD once operated 115+ branches and over 460 ATMs nationwide. FAB continues to maintain a similar network, offering robust in-person and 24/7 digital access. Customers can use the FAB Mobile App or access legacy NBAD accounts via FAB’s online portals.
Need help with your FAB account?
FAB Customer Service UAE: 600 568 000 (Etisalat) / 800 368 0000 (Du)
International: +971 2 610 3000
Shareholding & Governance
Before the merger, NBAD’s ownership structure included:
- 48% Abu Dhabi Investment Council
- 25% Institutional Investors
- 27% Public Shareholders
Key leaders like Sheikh Sultan bin Zayed Al Nahyan and Hesham Al Qassim shaped NBAD’s innovative legacy, which FAB now continues under modern leadership.
Notable Awards (2015–2018)
- 🏆 “Best Bank in UAE” – Global Finance
- 🏆 “Leading Corporate Bank” – Euromoney
- 🏆 “Excellence in Sustainable Finance” – Green Sukuk Recognition
NBAD Bank UAE FAQs
Is NBAD and FAB the same bank now?
Yes, NBAD merged with FGB in 2017 to form First Abu Dhabi Bank (FAB).
What is the new name of NBAD bank?
NBAD is now part of First Abu Dhabi Bank (FAB).
Which is the richest bank in the UAE?
FAB is the largest and wealthiest bank in the UAE by total assets.
Who owns First Abu Dhabi Bank?
The majority shareholder is the Abu Dhabi Investment Council.
Who is the CEO of FAB?
Hana Al Rostamani is the current Group CEO of FAB.
What was the average salary at NBAD/FAB?
The average annual salary at FAB is approximately AED 148,728.
Final Thoughts
The journey of NBAD Bank UAE is a story of vision, resilience, and transformation. From a foundational pillar in Abu Dhabi’s economic rise to the powerhouse now known as FAB, the legacy of NBAD continues to shape financial futures in the region and beyond. Whether you’re a long-time customer or exploring your first account in the UAE, TheDubaiWeb.com is your trusted guide to all things banking, lifestyle, and finance in Dubai and beyond.
