National Bank of Abu Dhabi (NBAD), the largest bank in Abu Dhabi with an asset base in excess of Dh160 billion, is expanding into the Far East with a branch in Hong Kong, Chief Executive Michael H Tomalin told Emirates Business.
The bank has finalised plans to take its tally to 100 with the addition of 13 branches this year, Tomalin said in an interview.
"As of now, we do not have branch operations in the Far East. We have permission to open a branch in Hong Kong and this will be done in the fourth quarter of this year. Though we used to operate branches in Sydney, Tokyo and Singapore in the past, we are now returning to the Far East after a gap," he said.
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