National Bank of Abu Dhabi (NBAD) is planning a worldwide expansion it hopes will increase its assets to around Dh1 trillion and quadruple its annual profits.
NBAD, the biggest bank in the capital, hopes to increase its annual earnings to Dh16bn by 2021, the bank said in a presentation at its shareholder meeting last night.
The bank will grow through expansions in a number of international markets including Brazil, Australia, India and Indonesia, following imminent moves planned for Malaysia and China.
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