The National Bank of Abu Dhabi (NBAD) has been ranked for the third year in a row as one of the "World's 50 Safest Banks" and the safest bank in the Middle East by Global Finance magazine.
"In a year characterised by economic and geo-political turbulence NBAD has not only remained one of the "World's 50 Safest Banks" but it has actually edged up in the list and is now the top-rated Middle East Bank," said Michael Tomalin, group chief executive of NBAD.
"National Bank of Abu Dhabi has achieved this success because NBAD believes in sustainable growth and it balances development ambitions with prudent management."
The World's 50 Safest Banks were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moody's, Standard & Poor's and Fitch were used. NBAD is ranked 46th among the World's 50 Safest Banks. NBAD is rated senior long term/short term A+/A-1 by Standard and Poor's, Aa3/P1 by Moody's and AA-/F1+ by Fitch.