First Abu Dhabi Bank | FAB Bank
Origin of First Abu Dhabi Bank | FAB Bank
First Abu Dhabi Bank | FAB Bank was launched in 2007 in Geneva. The bank is the independent wholly-owned subsidiary of First Abu Dhabi Bank. First Abu Dhabi bank is the flagship financial institution of the Emirates and one of the 50 safest banks in the world and the safest bank in the Middle East.
FAB’s headquarter is in Abu Dhabi, and the network spans over five continents.
In December 2016 First Gulf Bank and National Bank of Abu Dhabi merged to become First Abu Dhabi Bank (FAB).
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Philosophy and Strategy
FAB’s commitment is to put the customers first and to grow stronger. FAB is investing continually in people and technology and is creating the most customer-friendly banking experience.
FAB’s vision is to create value for their customers, shareholders, communities, and employees through agility, innovation, and differentiation.
FAB empowers their customers to grow stronger through customized products and services, convenience and choice.
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Services and Solutions
First Abu Dhabi Bank | FAB Bank offers wealth management solutions to high-net-worth individuals. The combination of being independent as a well-capitalized Swiss bank and a member of the First Abu Dhabi Bank Group offers their clients a superior level of financial strength and world-leading expertise in Private Banking.
FAB supports local, regional and international businesses seeking to do business at home or abroad.
Banking solutions
Accounts
FAB offers a wide variety of different accounts such as the Etihad Guest Elite Gold Current Account, the FAB One Account, the Etihad Guest Account, the Personal Current Account, the Elite Gold Current Account, the Elite Gold Savings Account, the Personal Savings Account, and the Personal Call Account.
Credit cards
FAB offers a variety of different credit cards, such as the Etihad Guest Infinite Credit Card, the GEMS Titanium Credit Card, the FAB Visa Infinite Credit Card, the Signature Credit Card, the Platinum Credit Card, the Abu Dhabi Platinum Credit Card, the Etihad Guest Signature Credit Card, the Etihad Guest Platinum Credit Card, the Abu Dhabi Titanium Credit Card, and the Gold or Standard Credit Card.
Loans
FAB offers loans with flexible repayment terms; the customer enjoys fast approvals and competitive interest rates.
Mortgages
FAB offers different mortgages, such as Mortgage Loan for Residences and Mortgage Loan for Multi-Storey Small Buildings.
Saving
There are different ways for saving, like Fixed Deposits, Smart Deposit Account, iSave Electronic Account and only for Emiratis the Emirati Al Awwal.
Insurance
FAB insurance offers personalized services, customer dedication and unique products.
Islamic Products & Services
FAB offers Sharia Compliant personal banking and finance solutions to help customers grow their wealth.
Private Banking
First Abu Dhabi Bank | FAB Bank offers uniquely tailored private banking and wealth management services to help grow and protect the client’s wealth for generations to come.
The investment advisors and private bankers work with the client to evaluate their goals and objectives to recommend the best suitable products and services.
The services include advisory services, trade execution, and discretionary portfolio management. FAB provides the client with an integrated financial strategy incorporating the market insights, wealth solutions and the full range of investment products.
The open-architecture product platform, which is supported by an experienced investment specialist team, allows providing consistent and unbiased advice. FAB offers the best products in the market.
Range of solutions
Trade execution
Clients who have advanced knowledge and understanding of the market can trade directly on the financial markets. The products include foreign exchange, bonds, and equities as well as proprietary and third-party funds.
Discretionary Portfolio Management
Clients who want professional and active management are choosing this service. A team of experienced investment specialist is managing the client’s portfolio within the predefined risk profile and investment parameters.
Advisory
The advisory is based on the principle of trust, transparency, and reliability. The advisory team is acting with the client to find the right investment opportunities in the regional and global markets and across all investment classes. The client has full control of the decision making but benefits from proactive and personalized advising.
Investment Products
FAB’s clients have access to a wide range of investment products across all asset classes. The open architecture product platform enables the customer to choose from a wide range of proprietary and third-party products. The range of products are funds, third-party funds, structured products, bonds, equities, and foreign exchange.
Risk Management
The ultimate goal of risk management is to ensure the bank’s strength, preserve its safety, and enable the ongoing creation of shareholder’s value. FAB’s risk management framework follows a “three lines of defense”.
The first line is represented by business divisions as well as enabling functions, which manage and identify risks in the day-to-day businesses. It is ensured that the activities are within the Group’s risk appetite and in compliance with the relevant internal processes and policies.
The second line is comprised of Group Risks such as enterprise risk, credit risk, market risk, liquidity risk, operational risk, and fraud risk all of which adopt risk controls comprising processes, frameworks, policies and analytic tools. It also oversees the first line of defense.
The third line is performed by internal audit. It assures the senior management and the Board over the design and operation of the Group’s risk management, controls, and governance.
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Added-Value Services
In the Top 1000 World Banks 2018 ranking by The Bankers Magazine, FAB ranks number one in the Middle East and number 81 in the world by capital strength and by total assets number 116 globally.
FAB Group’s total assets reached EUR 174 billion in 2018, and the market capitalization stands at 36.859 billion EUR.
FAB has a presence across five continents, has a domestic network in seven Emirates UAE, Bahrain, Egypt, Kuwait, Libya, Oman and Saudi Arabia and has additional offices in China/Hong Kong, India, Malaysia (Labuan), Singapore, South Korea, France, UK, Switzerland, USA and Brazil.
First Abu Dhabi Bank | FAB Bank – Facts & Figures
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Address | 5, Quai de l’Ile, 1211 Geneva |
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Phone | +41 22 707 50 00 |
Website | www.bankfab.com |
Year of foundation | 2006 |
Subsidiaries | – |
No. of employees | – |
Rating | – |
Chairman | Fadhel Alali |
CEO | Hamiyeh Fouad |
Eligible Regulatory Capital | 98.719 m CHF |
Tier 1 Ratio | 15.00 % |
Leverage Exposure | 1.245 bn CHF |
Leverage Ratio | 7.90 % |
Liquidity Coverage Ratio | 183 % |
Risk Weighted Assets | 659.738 m CHF |
Loans outstanding | – |
Assets under Management | – |
Assets under Management / Employees | – |
Net profit | – |
Net Profit / Employees | – |
Cost / Income Cost Ratio (CIR) | – |
Return on Equity | – |
Own structured products | No |
Foreigners accepted | Yes |
Presence abroad | Group: Europe, Americas, Middle East, Africa, Asia Pacific |
Source: Annual Report 2021
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