nbad’s swiss unit manages dh774b
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

NBAD’s Swiss unit manages Dh7.74b

Arab Today, arab today

Arab Today, arab today NBAD’s Swiss unit manages Dh7.74b

Abu Dhabi - Arabstoday

NBAD Private Bank (Suisse) SA, the wholly owned subsidiary of the National Bank of Abu Dhabi PJSC’s assets under management have grown to Dh7.74 billion. The financial institution which was launched in 2007 achieved a breakeven in early 2010 in line with the business plan. In 2011 profits were in excess of Dh11.6 million, and have further accelerated growth in 2012. Balance sheet growing to Dh4.6 billion while Assets Under Management (AUM) growing to around Dh7.74 billion. Despite the financial crisis commencing only a few months after the launch of  NBAD Suisse, it has built up its private banking business, taking a conservative approach on client acceptance by applying stringent compliance standards. NBAD Suisse is a fully licensed Swiss Bank providing quality wealth management services to international HNWI. In addition to offering a wide range of investment advice and services, we built a niche expertise in the fixed income instruments of the GCC market. The Bank is working on expanding further this product offering. NBAD Suisse has quickly established itself as one of the important actors in the Geneva trade finance area, and the second half of 2012 will see NBAD Suisse further expand the commodity trade finance offering. During the same period, the National Bank of Abu Dhabi Group has also experienced strong growth. NBAD was the first UAE bank to achieve net profits of over $1 billion in 2010, and maintained its strong credit ratings through the financial crisis. Khaled Suleiman chief executive of NBAD Suisse, said: “The strong stable growth was built on our steady approach of building up the Bank step-by-step.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nbad’s swiss unit manages dh774b nbad’s swiss unit manages dh774b

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

nbad’s swiss unit manages dh774b nbad’s swiss unit manages dh774b

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday