NBAD Ranked One of World’s 50 Safest Banks
If you’re looking to bank in the Middle East – the National Bank of Abu Dhabi (NBAD) may be just the place to be. For the third year in a row, they have been ranked as one of the “World’s 50 Safest Banks” and the safest bank in the Middle East. This according to Global Finance.
The selection of the world’s 50 safest banks comes from a comparison of the long-term credit ratings and the total assets of the 500 largest banks in the world. The ratings come from Moody’s, S&P and Fitch.
Certainly, NBAD is thrilled with their most recent rating. As Michael Tomalin, the Group Chief Executive of NBAD said, “We are delighted that NBAD has been recognised as one of World’s 50 Safest Banks and the safest bank in the UAE for the third year in a row, and we proud to be listed as the safest bank in the Middle East especially as it comes during a period of unprecedented market turbulence.”
Even during the recent global financial crisis, NBAD has worked hard to continue to achieve its goals. As Abdulla M.S. AdulReheem, the Senior General Manager and Group Chief Operating Officer of NBAD, said, “NBAD has remained and strengthened its position in the league of the safest institutions in the world by virtue of the prudence exercised in the conduct of its business.”