ABU DHABI
First Abu Dhabi bank’s liquidity surged to Dh134.4 billion during the first quarter of 2017 from Dh130 billion by the end of 2016 as per the financial statements released by the new banking entity created after the merger of the National Bank of Abu Dhabi and First Gulf Bank.
NBAD closed 8 per cent high at the end of April’s transactions, with its market value ratcheting up to Dh120.4 billion.
First Abu Dhabi Bank, the new entity created by the merger of National Bank of Abu Dhabi and First Gulf Bank, launched its new brand identity on Monday, including a new logo and slogan.
The new bank is still, however, listed on the ADX under the ticker symbol NBAD. The merger was effective as of the beginning of April 2017.
