National Bank of Abu Dhabi (NBAD) is the largest lender in Abu Dhabi and Fitch Ratings has affirmed its rating as AA- with a Stable Outlook.
Founded in 1968, NBAD is 70 per cent owned by the Abu Dhabi government, with the remaining shares listed on the Abu Dhabi Securities Exchange.
NBAD announced in October 2012 that it is planning to triple its contribution from Islamic banking by introducing Sharia-compliant services in Egypt, Oman and Malaysia.
Current NDAB CEO Michael Tomalin is set to retire from this post in a few months and a search is underway for his successor.