NBAD Private Bank (Suisse) SA

Last updated
NBAD Private Bank (Suisse) SA
Industry Private banking and Trade Finance
Founded2007 in Geneva
Headquarters Geneva, Switzerland
Products Wealth Management and Trade Finance
Website http://www.nbadsuisse.ch

NBAD Private Bank (Suisse) SA is a Swiss private bank located in the heart of Geneva. It provides private banking services for private clients. It is an independent and wholly owned subsidiary of the National Bank of Abu Dhabi Group (NBAD Group). [1]

Contents

The National Bank of Abu Dhabi

NBAD Private Bank (Suisse) SA building Geneva NBAD Private Bank (Suisse) SA building Geneva.jpg
NBAD Private Bank (Suisse) SA building Geneva

The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, was incorporated in 1968 and is listed in the Abu Dhabi Securities Exchange (ADX), under stock code NBAD. It has one of the largest networks in the UAE, and its international network includes all areas of the world. [2] [3]

Since 2009, the bank has been ranked each year one of the World’s 50 Safest Banks by Global Finance magazine, the safest bank in the Middle East. It was also named in 2011 the Best Bank in the UAE for the third consecutive year and for the fifth time in a decade by Euromoney and in 2012 the Best Private Bank in the UAE by the Banker. NBAD surpassed the US$1 billion net profits in 2010, becoming the first UAE bank to reach this milestone. [4] [5] [6] [7] [8] [9] [10] [11]

NBAD is rated senior long term/short term AA- by Standard & Poor's (S&P), [12] Aa3/P1 by Moody’s, AA-/F1+ by Fitch and A+ by Rating and Investment Information Inc (R&I) and AAA by RAM (Malaysia), giving it one of the strongest combined rating of any Middle Eastern financial institution. A comprehensive financial institution, NBAD offers a range of banking services including retail, investment and Islamic banking services. [13] [14] [15] [16]

Key dates

Financial services and products

NBAD Private Bank (Suisse) SA offers financial services in wealth management. [22] [23] [24]

The bank offers specialised counselling in the bonds and equities markets of the Gulf Cooperation Council (Saudi Arabia, Abu Dhabi, Bahrain, Kuwait, Qatar, Oman). [19]

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References

  1. Giles, Broom (21 June 2012). "NBAD's Swiss Unit Targets 10 Billion Francs Client Assets". Bloomberg.
  2. "The National Bank of Abu Dhabi (NBAD)". Abu Dhabi Securities Exchange. Archived from the original on 2012-10-29. Retrieved 2013-02-18.
  3. Giles, Broom (21 June 2012). "NBAD's Swiss Unit Targets 10 Billion Francs Client Assets". Bloomberg Businessweek. Archived from the original on June 22, 2012.
  4. "Middle East Transaction Banking". emirate277.com. 23 August 2012.
  5. "NBAD named safest Mideast bank". Global Finance Magazine. June 2012.
  6. "WORLD'S 50 SAFEST BANKS 2012". Global Finance Magazine. 30 July 2012.
  7. "Awards: World's Safest Banks 2012". Global Finance Magazine.
  8. "WORLD'S SAFEST BANKS IN THE MIDDLE EAST 2012". Global Finance Magazine. 16 August 2012.
  9. "NBAD celebrates 1500 years of banking experience". Albawaba Business. 22 September 2011.
  10. "Middle Eastern Awards for Excellence 2011: By country". Euromoney. July 2011.
  11. "Best Private Bank in United Arab Emirates". Professional Wealth Management. November 2012.
  12. "National Bank of Abu Dhabi upgraded by S&P on government link". 10 October 2013.{{cite journal}}: Cite journal requires |journal= (help)
  13. "S&P affirms NBAD ratings at A+/A-1". Khaleej Times. 20 June 2012.
  14. "Standard & Poor's Applies Its Revised Bank Criteria To 25 Gulf Banks And Two Subsidiaries". Standard & Poor's. 14 December 2011.
  15. "NBAD 'safest bank' in Middle East". Trade Arabia. 23 August 2012.
  16. Himendra, Mohan Kumar (16 July 2013). "NBAD launches 1 billion euro French CD programme". Gulfnews.com.
  17. "Banking on reason". Swiss Style.
  18. "NBAD Private Bank (Suisse) to launch trade finance service". ameinfo.com. 6 March 2008.
  19. 1 2 "NBAD Suisse Plans Further Expansions". Zawya.com. 24 June 2012.
  20. "NBAD Private Bank Suisse augmente son capital". Market. 26 June 2013. Archived from the original on 30 August 2013. Retrieved 22 July 2013.
  21. "NBAD (Suisse) veut continuer à grandir". Le Temps. 28 June 2013.
  22. "NBAD on TRAC with new MIT collateral management system". TF Review. 24 December 2012.
  23. "NBAD's Swiss unit manages Dh7.74b". Khaleej Times. 25 June 2012.
  24. Giles, Broom (8 July 2013). "Swiss Unit of U.A.E.'s Biggest Bank Adds Private Banking Assets". Bloomberg.