Egypt's FEC, TRAIN partner to support food exporters    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



National Bank of Abu Dhabi 50th most secure bank globally: Global Finance
Published in Daily News Egypt on 20 - 03 - 2013

The National Bank of Abu Dhabi (NBAD) was recently ranked amongst the 50 most secure banks in the world for the fifth year in a row by Global Finance magazine.
According to the magazine's 2013 rankings, the bank was also ranked the safest and most secure in the Middle East.
NBAD has been ranked amongst the top 50 in the world since 2009, the first ever in the Middle East to do so, placing 31st in 2013.
Global Finance attributed the strength of the bank to its high credit rating within the international banking community.
Michael H. Tomalin, Executive President of NBAD, recently said that “our bank's recent ranking reinforces our status as a safe haven in an insecure and unstable world".
Banks selected for the list were chosen after their total assets and long term credit ratings were compared to those of 500 other international banks by the Fitch, Moody's, and Standard and Poor's rating agencies.
NBAD recently obtained an A-/A+ rating for its short and long term credit ratings from Standard and Poor's, a P1/Aa3 ranking from Moody's, and an AA-+/F1 ranking from Fitch. The bank's total assets by the end of 2012 rose were recorded to have risen to 17.6%, totalling AED 300.6bn.
Despite challenges faced throughout the Arab world, the bank has been successful in expanding its operations and opening up new branches, including in Malaysia, Shanghai in China.
Abdallah Mohamed Saleh Abd Al-Rahman, senior vice president of the NBAD banking group, said: “Our bank has succeeded in strengthening its position amongst the world's top 50 banks due to its pursuance of sensible banking policies which have been reflected in its international performance. During the world financial crisis, the bank used its vast resources in order to aid its clients by making available to them a number of durable financial options."


Clic here to read the story from its source.