Press Releases

Paris, 6th May 2014 Following the successful conclusion of the MyBank Mandate Pilot, the launch of MyBank Mandates was announced today for 27th October 2014. Financial institutions and service providers in several European countries have started preparations to roll out this pan-European electronic mandate functionality for SEPA Direct Debits to their customers from that date on. MyBank Mandates provide direct …

SINGAPORE – Banks are increasingly looking to distribute trade assets to global investors as regulatory reform focusing on leverage and liquidity ratios forces lenders to optimize balance sheet management and strategy. As a result, the core trade distribution function is rapidly gaining importance and reinventing itself in an evolving market, according to a discussion led by Bank of America Merrill …

Abu Dhabi ( April 30th, 2014) – The National Bank of Abu Dhabi (NBAD) has appointed James Burdett as its new Group Chief Financial Officer (GCFO). Mr. Burdett will lead the Group finance, strategy, group treasury, and investor relations functions. His primary responsibility is to ensure that NBAD’s financial planning and strategic alignment continues to support the Bank’s growth. He …

National Bank of Abu Dhabi (NBAD) earned AED 1.406 billion for the quarter ended 31March 2014, up 31% sequentially from AED 1.077 billion in 4Q 2013 and relatively flat year-over-year, reflecting improving underlying fee income, FX income and investment gain trends.This represents diluted EPS of AED 0.27for 1Q 2014, which was flat with 1Q 2013. The annualised return on average …

Middle East Needs to Reduce Vulnerability to Financial Crime KPMG Global Anti-Money Laundering Survey emphasises far-reaching global AML regulations, reveals MEA readiness and challenges UAE more proactive since criminalising act of money laundering in 2002 Dubai, 22 April 2014: KPMG’s Global Anti-Money Laundering (AML) Survey 2014 reveals the growing importance of AML globally and in the region, with regulatory fines …

• CyberSource solution helps NBAD’s UAE merchants reduce fraudulent transactions by allowing genuine orders to pass through • CyberSource’s device optimized solutions eliminate the need for merchants to develop separate mobile apps for online transactions, simplifying their evolution from brick and mortar to eCommerce Abu Dhabi, UAE, 16 April 2014 – The National Bank of Abu Dhabi (NBAD), one of …

Africa and Middle East Witness Increased M&A Activity: While Limited Confidence and Currency Fluctuations Influence Global M&A Deal Volumes  Deals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturn: KPMG International report  Developed-to-high-growth acquisitions down 11% between H1 and H2 2013 High growth market acquirers of developed market targets up 7% over …

London and Paris, 10 April, 2014. BNP Paribas Securities Services, a global custodian with over USD 8 trillion in assets under custody, today announces two senior appointments.  José Placido will join the executive committee of BNP Paribas Securities Services on 22 April 2014 and become global head of sales and relationship management with effect from 01 January 2015. Until then, …

3.7 percent is the projected global economic growth in 2014 says UAE Minister of Economy: HH Sheikh Mohammed bin Rashid Al Maktoum opens Annual Investment Meeting (AIM 2014) Strong participation on first day demonstrates success of UAE’s progressive FDI policies Dubai, UAE, 8 April 2014: The Annual Investment Meeting (AIM 2014) was inaugurated today (Tuesday, April 8th, 2014) by HH …

Standard Chartered wins top regional and country awards  Bank named as ‘Best in Treasury & Cash Management’ and ‘Best in Working Capital & Trade Finance’ for the MENA region Dubai, United Arab Emirates, 3 April 2014 – Standard Chartered has announced key wins in both the regional and country editions of the ‘The Asset Triple A Treasury, Trade & Risk …

Cooperative’s customers will benefit from additional financial crime prevention services and faster time to market Dubai, 30 March 2014 – SWIFT announces the acquisition of Omnicision, the UK-based provider of financial crime prevention services and solutions. The acquisition underscores SWIFT’s commitment to invest in its compliance offering and will enable SWIFT to grow its Sanctions Testing service and further expand …

Africa and Middle East Witness Increased M&A Activity: While Limited Confidence and Currency Fluctuations Influence Global M&A Deal Volumes  Deals involving high growth markets (HGMs) fall to levels reminiscent of the lowest point of the global downturn: KPMG International report  Developed-to-high-growth acquisitions down 11% between H1 and H2 2013 High growth market acquirers of developed market targets up 7% over …

Business confidence very high among Middle Eastern treasurers 78% of treasurers in the Middle East feel more confident about their business’ prospects in the next year. 25 MARCH, DUBAI – Nearly eight in every ten senior treasury and finance professionals in Dubai (78%) are feeling more positive about the prospects for their business over the coming 12 months. This was …

Abu Dhabi (March 26, 2014) – The National Bank of Abu Dhabi (NBAD) lead- sukuk that was issued by the Dubai Department of Finance, has been named the UAE Deal of the Year at the recent Islamic Finance News Awards. The US$750 million 10 year Sukuk issuance was priced at a profit rate of 3.875%. The oversubscription level of 14.6 …

Abu Dhabi (March 23rd , 2014) – The National Bank of Abu Dhabi (NBAD) has launched NBAD E-Academy, a state-of-the-art multifaceted learning and knowledge platform that enhances the development of NBAD staffs’ skills and optimises NBAD’s delivery of services and products. “We are delighted to launch NBAD E-Academy, which confirms our commitment to develop the skills of employees and maximise …

Abu Dhabi (March 20, 2014) – For the second consecutive year, Global Finance, the prestigious international publication, has named the National Bank of Abu Dhabi (NBAD) the Best Bank in the UAE in 2014. NBAD was selected as the Best Bank in the UAE by Global Finance editors with input from industry analysts, corporate executives and banking consultants. Criteria for …