The National Bank of Abu Dhabi today reported a 25 per cent surge in customer deposits to $53 billion in 2012 as well as a 17 per cent jump in profits to $1.2 billion. Ranked among the 50 safest banks in the world and the safest in the Middle East this is what it means to be a safe haven from the Arab Spring.
CEO Michael Tomalin said: ‘Our growth was a result of the success of our diversified business model, investment gains driven by favorable financial market conditions and successful hedging strategies.
‘We also continued to expand our international presence by opening offices in China and Malaysia, and we have set a target of expanding internationally from 14 countries to 41 countries by 2022.’
NBAD customer deposits jump 25% to $53bn as net profits jump 17% to $1.2bn « ArabianMoney
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