NBAD achieves top credit ratings in Middle East through robust risk management
NBAD enhanced its credit risk management systems and strengthened its enterprise-wide credit risk framework, with better than average credit ratios justifying its actions.
The United Arab Emirates (UAE) is one of the most open economies in the Middle-East with strong trade links with the rest of the world, underpinned by relatively free labour and capital movements. National Bank of Abu Dhabi (NBAD) is one of the largest banks in the UAE, possessing the largest market capitalisation.
The recent global economic crisis hit the UAE’s financial industry hard, perhaps harder than any other country in the Middle East region. GDP growth rates in the UAE have been volatile ever since, dropping from 5.3% in 2008 to -4.8% in…
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Categories: Credit Risk
, Risk and Regulation
, Abhijit Choudhury