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National Bank of Abu Dhabi Jul 12
Standard & Poors, July 2012
Majority ownership by and privileged relationship with the government of the Emirate of Abu Dhabi. Solid domestic commercial position, translating into above-average operational efficiency. Very strong capital level and high quality of capital. Resilient asset quality and prudent risk management. Large concentration risks on both sides of the balance sheet, like other Gulf Cooperation Council banks. High construction and real estate exposure. Challenging, though improving, operating conditions in the United Arab Emirates. Standard & Poor's Ratings Services' outlook on United Arab Emirates (UAE)-based National Bank of Abu Dhabi (NBAD) is stable. It reflects our expectation that NBAD will maintain its leading commercial position and sound financial profile, with no significant change in its shareholding structure over the next two years....
Companies mentioned in this report are: National Bank of Abu Dhabi
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
National Bank of Abu Dhabi