Last 14.50 AED
Change Today +0.25 / 1.75%
Volume 709.8K
NBAD On Other Exchanges
Symbol
Exchange
Abu Dhabi
As of 6:00 AM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

national bank of abu dhabi (NBAD) Snapshot

Open
14.35
Previous Close
14.25
Day High
14.55
Day Low
14.35
52 Week High
05/29/14 - 17.25
52 Week Low
11/17/13 - 10.55
Market Cap
68.7B
Average Volume 10 Days
531.6K
EPS TTM
1.05
Shares Outstanding
4.7B
EX-Date
03/20/14
P/E TM
13.8x
Dividend
0.36
Dividend Yield
2.51%
Current Stock Chart for NATIONAL BANK OF ABU DHABI (NBAD)

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national bank of abu dhabi (NBAD) Details

National Bank of Abu Dhabi PJSC provides various banking products and services. The company operates through Global Wholesale, Global Wealth, and Global Retail and Commercial Business segments. It offers a range of financial services, such as relationship lending and financing, syndication, corporate finance, specialized financing, leasing, securities services, property management, transactional banking, investment banking, and special asset advisory. The company is also involved in institutional and corporate coverage, risk solutions, repos management and investments, commodities, E-commerce, and foreign exchange trading businesses. In addition, it offers private banking products; assets management, discretionary portfolios management, custody, brokerage, and business development services; and wealth solutions, such as trust and estate planning, financial planning, segregated mandates, structured lending, and real estate and private equity investments, as well as retail, commercial, and Islamic banking products. The company operates through a network of 26 branches and cash offices, 588 ATMs, and 8 commercial banking centers in the United Arab Emirates; and 60 branches and offices in 18 countries internationally. National Bank of Abu Dhabi PJSC was founded in 1968 and is based in Abu Dhabi, the United Arab Emirates.

Founded in 1968

national bank of abu dhabi (NBAD) Top Compensated Officers

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Executives, Board Directors

national bank of abu dhabi (NBAD) Key Developments

National Bank of Abu Dhabi Signs Deal to Link Up with Real Madrid

National Bank of Abu Dhabi (NBAD) signed a three-year agreement to become the exclusive banking partner of Real Madrid in the UAE at the Spanish side's Santiago Bernabeu stadium. The deal, which is extendable and could spread to incorporate the entire Middle East and North Africa (Mena) region, sees NBAD become the only bank outside of Spain to issue co-branded Real Madrid credit and debit cards. NBAD Real Madrid cardholders will have the opportunity to win trips to see matches, attend training sessions and meet players in Madrid or Abu Dhabi. Customers will also receive special Real Madrid welcome gifts upon opening an account and get automatic membership to the international EUR Madridista' fan club, which gives them newsletters from the club and discount offers from other Real Madrid partners. Meanwhile, reports that NBAD is partnering with the club to provide funding worth $1 billion to revive the Real Madrid Resort Island in Ras Al Khaimah were denied by club officials on the sidelines of the signing ceremony. The project was unveiled in 2012 but put on hold in 2013, although reports suggested that, with NBAD backing, the resort could be open by 2017.

National Bank of Abu Dhabi Plans to Set Up Regional Financial Base in India Before the End of 2014

National Bank of Abu Dhabi plans to set up a regional financial base in India before the end of this year as part of its overseas expansion strategy.

National Bank of Abu Dhabi PJSC Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended 30 June 2014; Reports Impairment Charges for the Second Quarter Ended 30 June 2014

National Bank of Abu Dhabi PJSC reported unaudited consolidated earnings results for the second quarter and six months ended 30 June 2014. For the quarter, the company reported net interest income of AED 1,672.3 million against AED 1,591.7 million a year ago. Operating income was AED 2,579.6 million against AED 2,363.2 million a year ago. Profit before taxation was AED 1,494 million against AED 1,267.6 million a year ago. Net profit was AED 1,423.7 million against AED 1,211.8 million a year ago. Basic and diluted earnings per share were AED 0.30 against AED 0.26 a year ago. For the six months, the company reported net interest income of AED 3,176.8 million against AED 3,059.3 million a year ago. Operating income was AED 5,088.5 million against AED 4,872.7 million a year ago. Profit before taxation was AED 2,959.5 million against AED 2,728.2 million a year ago. Net profit was AED 2,829.5 million against AED 2,621.3 million a year ago. Diluted earnings per share were AED 0.56 against AED 0.53 a year ago. Net cash from operating activities was AED 18,855.4 million compared to AED 5,199.1 million a year ago. Purchase of premises and equipment, net of disposals was AED 92.4 million compared to AED 186.3 million a year ago. The annualized return on average equity was 16.0%, down from 16.6% in the first half 2013. Results for both periods reflect improvement in underlying fee income and continued expense discipline. For the quarter, the company reported impairment charges, net of AED 214.7 million against AED 300.7 million a year ago.

 

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NBAD Competitors

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Company Last Change
Abu Dhabi Commercial Bank PJSC 8.87 AED -0.08
First Gulf Bank PJSC 18.90 AED 0.00
Riyad Bank SR21.38 SAR +0.11
Samba Financial Group SR49.02 SAR +0.36
Saudi British Bank/The SR60.50 SAR -0.25
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Industry Analysis

NBAD

Industry Average

Valuation NBAD Industry Range
Price/Earnings 14.7x
Price/Sales 8.1x
Price/Book 1.9x
Price/Cash Flow 13.7x
TEV/Sales NM Not Meaningful
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