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Country: United Arab Emirates
Abu Dhabi's first bank
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Abu Dhabi makes Paris the bridgehead for its banking activities in Europe | Abu Dhabi invests in Europe via Paris 26/07/2023
- First Abu Dhabi Bank is the largest bank in the United Arab Emirates.
The bank is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, son of the Federation's founder and National Security Advisor. - First Abu Dhabi Bank is a shareholder of HSBC, UniCredit and Lloyds Banking Group.
- They plan to make Paris the hub for all their activities in Europe.
- The bank has close relationships with Dassault, EDF, Thales, BNP Paribas, Société Générale and Crédit Agricole.
- The bank manages the interests of around 300 major clients in France, with a team of 45 people.
- Their balance sheet totals 1,100 billion dirhams (270 billion euros)