Abu Dhabi – Mubasher: The total assets of the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) reached AED 670.5 billion by the end of 2016, according to the two banks’ pro forma financials as of 31 December 2016.
Customer accounts and other deposits amounted to AED 400.3 billion, while total loans stood at AED 356.2 billion.
Equity attributable to equity holders reached AED 97.66 billion.
The banks’ operating revenues are valued at AED 9.78 billion, while net profits stood at AED 11.36 billion.
Both banks are operating separately until their merger is announced on 1 April 2017.
