First Abu Dhabi Bank is prepared to establish a branch in Nigeria.
This was the outcome of a strategic discussion between Nigeria’s Minister of State for Finance, Dr Doris Uzoka- Anite with the executives of First Abu Dhabi Bank (FAB) on enhanced financial collaboration ahead of the Bank’s plans to establish a branch in Nigeria.
“This engagement reflects growing confidence in Nigeria’s reforms and our commitment to attracting credible global capital to support growth and development,” said the minister on her X.
Uzoka- Anite emphasised that the engagement focused on opportunities for strengthened financial intermediation, increased capital flows, and expanded banking services to support Nigeria’s economic reforms and development priorities.
Uzoka-Anite reaffirmed Nigeria’s commitment to creating an enabling environment for global investors, noting that the planned entry of FAB reflects growing international confidence in Nigeria’s reforms and improving investment climate.
First Abu Dhabi Bank (FAB) is the UAE’s largest bank, formed in 2017 by the merger of First Gulf Bank and National Bank of Abu Dhabi.
Headquartered in Abu Dhabi, it offers corporate, investment, and personal banking services across more than 20 markets.
FAB is recognised as one of the world’s safest institutions.
Aiming to be the best Arab bank for the Arab world, it recently reported a 22% increase in net profit for Q4 2024, driven by strong business volumes.
