The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Middle East's best bank transformation 2019: First Abu Dhabi Bank

Awards for Excellence 2019

Perhaps the greatest sign that a merger has been successful is if it motivates others to follow suit. That has certainly been the case with the formation of First Abu Dhabi Bank, the Emirati financial institution which we recognise this year as having effected the best bank transformation across the Middle East. 

Born in 2017 from the merger of First Gulf Bank and National Bank of Abu Dhabi, national giants in their own right, FAB has quickly proven that it is more than the sum of its parts, and contributed in no small measure to the wave of banking M&A that the region has experienced over the past two years.

Despite the immense difficulties of merging two complex structures of the size of FGB and NBAD, it completed the integration as early as December 2018. By then, FAB had already achieved 75% of the cost synergies it had projected by 2020.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree