National Bank of Abu Dhabi Plans Eight Banking Hubs for Growth - Bloomberg

National Bank of Abu Dhabi Plans Eight Banking Hubs for Growth - Bloomberg:

"National Bank of Abu Dhabi PJSC, the United Arab Emirates’ biggest bank by assets, plans to set up eight global hubs and build five “international bank franchises” as part of its overseas expansion strategy.
The state-controlled lender will focus on Abu Dhabi, Mumbai, Lagos, Singapore, Hong Kong, London, Paris and Washington DC to serve clients in five key industries, Chief Executive Officer Alex Thursby said at a news conference in Abu Dhabi today. NBAD plans to tap trade and investment flows across the Middle East, Africa and Asia, said Thursby, who joined in July from Australia & New Zealand Banking Group Ltd. (ANZ)
The bank also plans to build “more than a one-branch presence” in five countries which will typically be those with large populations, have fast-growing economies and a rapidly expanding middle class, Thursby said. The lender is seeking to set up between 10 and 20 branches in these countries, with Egypt being the first and Malaysia likely the second, he said."

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