NBAD subsidiary in Americas renamed

19/08/2014 11:09 AST

The National Bank of Abu Dhabi (NBAD) has renamed its wholly-owned subsidiary in the Americas to NBAD Americas N.V.

NBAD established the subsidiary in Curacao in 1979 as Abu Dhabi International Bank N.V., and launched a federal branch in the U.S. capital, Washington, D.C. in 1981.

“NBAD Americas has been a great facilitator of business between the United Arab Emirates and the United States, this business has been an important component of our international operations,” says Qamber Al Mulla, the Senior Managing Director & CEO of Gulf & International of NBAD. “NBAD Americas is an integral part of our vision to ‘be recognized as the World’s Best Arab Bank’ as we adhere to our mission to be core to our chosen customers.” NBAD Americas provides all facets of corporate and institutional banking, such as trade finance, commercial lending, financial markets and correspondent banking. It also serves UAE investors who invest in the U.S., and U.S. companies who do business in the UAE and other countries where NBAD has a presence.

“NBAD Americas serves a very impressive client base comprised of top companies located throughout the U.S. and active in the defense, oil and gas, construction and engineering fields; we are proud and happy to continue serving our distinguished clients with the same superior service that they have been accustomed to receiving from us,” says Nagy Kolta, the Country CEO and Managing Director of Wholesale Banking – USA. “As bilateral trade between the US and UAE firms continues to rise, and as NBAD expands its wholesale banking business globally, NBAD Americas will continue to be an important contributor to NBAD’s operations.”

CPI Financial