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NBAD Private Bank (Suisse) SA
Private banking and Trade Finance
2007 in Geneva
Wealth Management and Trade Finance
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 The National Bank of Abu Dhabi
2 Key dates
3 Financial services and products
5 External links
The National Bank of Abu Dhabi
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.
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.
NBAD is rated senior long term/short term AA- by Standard & Poor’s (S&P), 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.
2007: Launch of the Bank and its private banking services.
2008: Launch of trade finance operations.
2009: Acquisition of its Quai de l’Ile building.
2013: NBAD Private Bank (Suisse) SA increases its capital from CHF 40 millions to CHF 140 millions therefore