Mutual and NBAD: Difference between pages

Revision as of 07:29, 2 September 2016

National Bank of Abu Dhabi.

NBAD is the largest lending bank in Abu Dhabi.

The majority of its shares are owned by the government of Abu Dhabi, through the Abu Dhabi Investment Council (ADIC).

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-An organisation owned and controlled by its customers - who are members of the mutual organisation - although day to day management will often be undertaken by professional managers, especially in larger mutuals.
+National Bank of Abu Dhabi.
-Building societies and credit unions are mutual organisations.
+NBAD is the largest lending bank in Abu Dhabi.
+The majority of its shares are owned by the government of Abu Dhabi, through the Abu Dhabi Investment Council (ADIC).
-The members do not normally contribute directly to the capital of the organisation.
-Rather, they derive their rights to vote and to surpluses, from their customer relationship.
 ==See also==
-*[[Building society]]
+*[[ADGM]]
-*[[Credit union]]
+*[[ADIBOR]]
-*[[Employee Ownership Association]]
+*[[United Arab Emirates]]
-*[[Mutual fund]]
-*[[Shareholder]]