First Abu Dhabi Bank PJSC: Update to credit analysis

First Abu Dhabi Bank PJSC: Update post Q1 2020 results - Credit Opinion – 2020/05/19 – US$ 250.00 – ...First Abu Dhabi Bank PJSC's (FAB) Aa3 long-term deposit rating incorporates a three- notch uplift from the bank's a3 Baseline Credit Assessment (BCA). This uplift is based on our assessment of a very high likelihood of support from the Government of United Arab Emirates (Aa2 stable) in case of need. Our assessment of a very high likelihood of government support for FAB in case of need reflects the UAE government's 37% ownership stake in FAB through Mubadala Investment Company's wholly owned subsidiaries, the bank's importance to the local financial system, the bank's designation as a D-SIB by the UAE Central Bank, and the UAE authorities' track record of supporting banks in case of need. FAB's a3 BCA reflects its strong capitalisation, healthy profitability and strong liquidity, supported by a dominant domestic franchise and strong ties with the Government of Abu Dhabi (Aa2 stable). However, the bank's high borrower concentrations, combined with funding concentrations and reliance on wholesale...

First Abu Dhabi Bank PJSC: Update post full year 2019 profits - Credit Opinion – 2020/03/26 – US$ 250.00 – ...First Abu Dhabi Bank PJSC's (FAB) Aa3 long-term deposit rating incorporates a three- notch uplift from the bank's a3 Baseline Credit Assessment (BCA). This uplift is based on our assessment of a very high likelihood of support from the Government of United Arab Emirates (Aa2 stable), in case of need. Our assessment of a very high likelihood of government support for FAB in case of need reflects the UAE government's 37% ownership stake in FAB through Mubadala Investment Company's wholly owned subsidiaries, the bank's importance to the local financial system, the bank's designation as a Domestic systematically important bank (D-SIB) by the UAE Central Bank, and the UAE authorities' track record of supporting banks. FAB's a3 BCA reflects its strong capitalisation, healthy profitability and strong liquidity, supported by a dominant domestic franchise and its strong ties with the Government of Abu Dhabi (Aa2 stable). However, the bank's high borrower concentrations, combined with funding concentrations...

First Abu Dhabi Bank PJSC: Update to credit analysis - Credit Opinion – 2019/10/01 – US$ 250.00 – ...First Abu Dhabi Bank PJSC's (FAB) Aa3 long-term deposit rating incorporates a three- notch uplift from the bank's a3 Baseline Credit Assessment (BCA). This uplift is based on our assessment of a very high likelihood of support from the Government of United Arab Emirates (Aa2 stable), in case of need. Our assessment of a very high likelihood of government support for FAB in case of need reflects (1) the UAE government's 37% ownership stake in FAB through Mubadala Investment Company's (MIC) wholly owned subsidiaries - Abu Dhabi Investment Council Company PJSC (ADIC, 33.4%) and Mamoura Diversified Global Holding PJSC (formerly know as Mubadala Development Company, 3.7%), (2) the bank's importance to the local financial system (a 26.1% deposit market share as of June 2019), (3) the bank's designation as a Domestic systematically important bank (D-SIB) by the UAE Central Bank, and (4) the UAE authorities' track record of supporting banks. FAB's a3 BCA reflects its solid capitalisation, strong...

First Abu Dhabi Bank PJSC: Update to credit analysis - Credit Opinion – 2019/04/01 – US$ 250.00 – ...First Abu Dhabi Bank PJSC (FAB)'s Aa3 long-term deposit ratings incorporate a three- notch uplift from the bank's a3 Baseline Credit Assessment (BCA). The uplift is based on our assessment of a very high likelihood of support from the Government of United Arab Emirates (Aa2 stable) in case of need. Our assessment of a very high likelihood of government support for FAB in case of need reflects: the UAE government's 37.1% ownership stake in FAB (33.4% through Abu Dhabi Investment Council and 3.7% through Mubadala Development Company), the bank's importance to the local financial system (26.5% deposit market share as of December 2018), the bank's designation as a D-SIB by the UAE Central Bank, and the UAE authorities track record of supporting banks. FAB's a3 BCA reflects its solid capitalisation, strong liquidity, as well as healthy profitability supported by a dominant domestic franchise and strong ties with the Abu Dhabi government. However, the bank's high borrower concentrations, combined...

[MIS] Õ¡ü¹Èû¢ÖÀÓûÐó¯ûÔüû¸§üû¨¹û·ü: á(n¢Ã×ÇüÈ - Credit Opinion – 2018/11/22 – US$ 250.00 – MOODY'S INVESTORS SERVICE FINANCIAL INSTITUTIONS Jonathan Parrod +971.4.237.9546 Associate Analyst jonathan.parrod@moodys.com Nitish Bhojnagarwala +971.4.237.9563 VP-Senior Analyst nitish 10 22 November 2018 : ...

[MIS] Õ¡ü¹Èe¢ÖÀÓeÐó¯eÔüe¸§üe¨¹e·ü: á(n¢Ã×ÇüÈ - Credit Opinion – 2018/08/15 – US$ 250.00 – ...Domicile Abu Dhabi, United Arab Emirates Long Term Debt Aa3 Type Senior Unsecured - Fgn Curr Outlook Stable Long Term Deposit Aa3 Type LT Bank Deposits - Fgn Curr Outlook Stable Nitish Bhojnagarwala +971.4.237.9563...

First Abu Dhabi Bank PJSC: Key Facts and Statistics - Q1 Mar 2018 - Issuer Profile – 2018/06/13 – US$ 200.00 – ...First Abu Dhabi Bank (FAB) is an Abu Dhabi-based commercial bank that provides retail, corporate and investment banking services to individuals, corporate clients, small and medium-size enterprises (SMEs) and financial institutions. Through its subsidiaries, the bank also offers Islamic banking services, leasing, brokerage and property management services. FAB is the largest bank in the UAE in terms of total consolidated assets, loans and deposits with market shares of 25.9%, 22.4% and 24.3%, as of 31 December 2017. As of 31 March 2018, the bank reported total assets of AED677.8 billion ($184.5 billion). Currently, the bank has 89 branches in the UAE and has presence in 19 countries outside the UAE through subsidiaries, representative offices and branches. FAB was created through the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), on 1 April 2017, after securing shareholder approval in December 2016. On 25 April 2017, NBAD (the surviving entity post merger) approved...

First Abu Dhabi Bank PJSC: Update to credit analysis - Credit Opinion – 2018/05/23 – US$ 250.00 – ...We assign Aa3/Prime-1 long- and short-term deposit ratings to First Abu Dhabi Bank PJSC (FAB), previously known as National Bank of Abu Dhabi (NBAD). The deposit ratings incorporate a three-notch uplift from the bank's a3 Baseline Credit Assessment (BCA), based on our view of the very high likelihood of support from the Government of United Arab Emirates (UAE, Aa2 stable) in case of need. FAB's a3 BCA reflects the bank's (1) well-established and dominant franchise in the UAE, with strong ties with the Abu Dhabi government; (2) consistently strong but weakening asset quality and exposed to concentration risks; (3) strong and stable capitalisation; and (4) strong liquidity and diversified funding. FAB's BCA also takes into account the bank's continued strong ties with the government of Abu Dhabi, which enables it to secure a significant amount of high-quality government-related business, although it also exposes the bank to significant credit and funding concentrations....

[MIS] Õ¡ü¹Èe¢ÖÀÓeÐó¯eÔüe¸§üe¨¹e·ü: á(n¢Ã×ÇüÈ - Credit Opinion – 2018/02/14 – US$ 250.00 – ... 20179Moody's Banking Financial Metrics 2017613"Financial Statement Adjustments in the Analysis of Financial Institutions" 2017620 ...

First Abu Dhabi Bank PJSC: Update to credit analysis - Credit Opinion – 2017/11/29 – US$ 250.00 – ...We assign Aa3/Prime-1 long- and short-term deposit ratings to First Abu Dhabi Bank PJSC (FAB), previously known as National Bank of Abu Dhabi (NBAD). The deposit ratings incorporate a three-notch uplift from the bank's a3 Baseline Credit Assessment (BCA), based on our view of the very high likelihood of support from the Government of United Arab Emirates (UAE, Aa2 stable) in case of need. FAB's a3 BCA reflects the bank's (1) well-established and dominant franchise in the UAE, with strong ties with the Abu Dhabi government; (2) consistently strong asset quality, although exposed to concentration risks; (3) strong and stable capitalisation; and (4) strong liquidity and diversified funding. FAB's (previously NBAD's) BCA also takes into account the bank's continued strong ties with the government of Abu Dhabi even after the merger with First Gulf Bank (FGB), which enables it to secure a significant amount of high-quality government-related business, although it also exposes the bank to significant...