First Gulf Bank’s Ratings Affirmed and Withdrawn Following its Merger with National Bank of Abu Dhabi

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has withdrawn all the ratings for First Gulf Bank (FGB) following its merger with National Bank of Abu Dhabi (NBAD) on 1 April 2017. At the time of withdrawal, CI Ratings affirmed the Financial Strength Rating (FSR) of FGB at 'A+' in view of the Bank's solid capitalisation, sound asset quality and strong profitability, as well as its good customer franchises.

Attachments

• View Credit Rating Announcement (CRA)
  PDF Download Available