First Abu Dhabi Bank (FAB) is a leading bank in the United Arab Emirates. The bank was founded in 2008 as a result of the merger between National Bank of Abu Dhabi and First Gulf Bank. FAB is headquartered in Abu Dhabi, and has a network of more than 150 branches and subsidiaries across the UAE. The bank offers a range of retail, corporate, and investment banking products and services to its customers.
FAB is one of the largest banks in the region with total assets of AED 295.7 billion as at December 2017. The bank’s net profits totaled AED 9.1 billion for the year ended December 2017, up 20% from the previous year. FAB’s strong financial performance is attributable to its diversified business mix, conservative risk management policies, and high levels of liquidity.
The bank has a well-diversified customer base with over 2 million retail customers and over 30,000 corporate clients. FAB’s retail banking offering includes current accounts, savings accounts, credit cards, personal loans, car loans, home loans, and term deposits. The bank’s corporate banking offering includes working capital finance, project finance, trade finance, cash management solutions, and debt capital markets products.