Wallets/first-abu-dhabi-bank
First Abu Dhabi Bank (FAB)
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Overview
First Abu Dhabi Bank (FAB) is the UAE's largest bank + operating in 20+ countries serving millions of customers [1, 2, ae-cro]. 2025 baseline: Forbes Middle East "30 Most Valuable Banks 2025" #3 with market value over US$43 billion.
FAB Mobile App [3]: Primary digital-banking channel for FAB customers; handles virtually all everyday banking needs without branch visits; 24/7 mobile banking; access to accounts + cards + payments + loans + investments.
History
April 1, 2017 — First Abu Dhabi Bank (FAB) formed via merger of National Bank of Abu Dhabi (NBAD) + First Gulf Bank (FGB) — distinctive UAE mega-bank consolidation creating UAE's largest bank.
2017-2025 — Mass UAE + multi-country expansion [1]: UAE primary + Saudi Arabia + Egypt + Kuwait + Oman + Bahrain + UK + France + Switzerland + US + Singapore + Hong Kong + India + Korea (14+ countries).
2025 — Forbes Middle East "30 Most Valuable Banks 2025" #3 with market value over US$43 billion [2].
Ownership & operator
Operating entity: First Abu Dhabi Bank PJSC (ADX: FAB) — formed Apr 1, 2017 via NBAD + FGB merger.
Major shareholders: Mubadala Investment Company (Abu Dhabi sovereign wealth fund) + Abu Dhabi government entities + ADX public float.
Regulators: CBUAE (Central Bank of the UAE).
Technical integration
| Layer | Description |
|---|---|
| Channels | FAB Mobile App (iOS + Android) + FAB cards + FAB branch network |
| Identifiers | Phone + email + card number + Emirates ID |
| AE rail | aani (CBUAE national instant payment + IPP) |
| License | Bank (FAB full UAE banking license; UAE's largest bank by assets) |
| Sub-products | FAB Account + FAB Cards + FAB Credit + FAB Investments + FAB Insurance + FAB for Business + FAB Capital + FAB Wealth |
| Multi-country presence: UAE + SA + EG + KW + OM + BH + UK + FR + CH + US + SG + HK + IN + KR (14+ countries) |
Users & growth
- UAE's largest bank by assets (post-Apr 1, 2017 NBAD + FGB merger)
- Forbes Middle East "30 Most Valuable Banks 2025" #3 — market value over US$43 billion
- 20+ countries of operation; millions of customers
- Specific 2025 FAB Mobile user numbers: not publicly disclosed in current sources
Use cases
UAE + multi-country retail + corporate + investment banking via FAB Mobile + branches; AANI national instant payment + IPP; FAB Capital investment + FAB Wealth + FAB for Business + multi-country international presence (14+ countries).
Implementations & partners
Operator: First Abu Dhabi Bank PJSC (ADX: FAB; post-Apr 1, 2017 NBAD + FGB merger).
Major shareholders: Mubadala Investment Company (Abu Dhabi sovereign wealth fund) + Abu Dhabi government entities + ADX public float.
Major UAE banking competitors:
- [[emirates-nbd]] (Emirates NBD; Dubai's biggest bank by assets; ENBD X mobile app + Liv X digital bank; 9M+ active customers in MENAT)
- [[commercial-bank-of-dubai]] (Commercial Bank of Dubai; CBD digital banking 120+ services)
- [[abu-dhabi-islamic-bank]] (Abu Dhabi Islamic Bank; ADX: ADIB; UAE Islamic banking)
- [[mashreq-neo]] (Mashreq Bank UAE digital banking)
- Abu Dhabi Commercial Bank (ADCB) + Dubai Islamic Bank (DIB) + Emirates Islamic + RAKBANK (UAE banking competitors)
- [[wio-bank]] (Batch 27 covered; UAE Abu Dhabi-anchored digital bank; ADQ + e& + Alpha Dhabi + FAB)
Regulator: CBUAE.
Fun facts
- UAE's largest bank by assets (post-Apr 1, 2017 NBAD + FGB merger).
- Forbes Middle East "30 Most Valuable Banks 2025" #3 with market value over US$43 billion.
- 20+ countries of operation; millions of customers — distinctive UAE mega-bank multi-country presence.
- Apr 1, 2017 NBAD + FGB merger formed FAB — UAE mega-bank consolidation.
- Mubadala Investment Company (Abu Dhabi sovereign wealth fund) major shareholder.
- Wio Bank co-investor — UAE digital banking ecosystem participation.
Comparison
| Feature | FAB Mobile | [[emirates-nbd]] (Dubai's biggest bank rival) | [[commercial-bank-of-dubai]] (CBD UAE digital banking rival) | [[abu-dhabi-islamic-bank]] (UAE Islamic banking comparable) | [[wio-bank]] (Batch 27; UAE Abu Dhabi-anchored digital bank co-investor) |
|---|---|---|---|---|---|
| Operator | First Abu Dhabi Bank PJSC (ADX: FAB; Mubadala + Abu Dhabi government + ADX public float; post-Apr 1 2017 NBAD + FGB merger) | Emirates NBD (DFM: EMIRATESNBD; Dubai government-owned) | Commercial Bank of Dubai PJSC (DFM: CBD) | Abu Dhabi Islamic Bank PJSC (ADX: ADIB) | Wio Bank (UAE; ADQ + e& + Alpha Dhabi + FAB co-investors) |
| Type | UAE's largest bank by assets + multi-country bank (14+ countries) + FAB Mobile | Dubai's biggest bank by assets + MENAT 9M+ customers + ENBD X + Liv X digital bank | UAE digital banking 120+ services | UAE Islamic banking + ADIB Direct corporate + Nov 2025 Smart Sukuk Platform | UAE Abu Dhabi-anchored digital bank |
| Country | UAE + 13+ other countries | UAE + multi-MENAT | UAE | UAE + EG + UK + IQ + SA | UAE |
| Distinctive | UAE's largest bank by assets; Apr 1 2017 NBAD + FGB merger formed FAB; Forbes ME "30 Most Valuable Banks 2025" #3 with US$43B+ market value; 20+ countries of operation; Mubadala parent | Dubai government-owned; ENBD X primary mobile-banking; Liv X digital-bank crypto trading Mar 2025 | UAE 120+ services app; instant transfers to BD + IN + PK + PH | UAE Islamic banking; Nov 2025 ADIB Smart Sukuk Platform | UAE Abu Dhabi-anchored; ADQ + e& + Alpha Dhabi + FAB co-investors |
Status
Active, UAE's largest bank by assets + Forbes ME "30 Most Valuable Banks 2025" #3 [1, 2]:
- First Abu Dhabi Bank PJSC (ADX: FAB) since April 1, 2017 (NBAD + FGB merger).
- UAE's largest bank by assets.
- 20+ countries of operation.
- Market value over US$43 billion.
- Mubadala Investment Company (Abu Dhabi sovereign wealth fund) major shareholder.
- CBUAE regulated.
Sources
- 1 About FAB — official
- 2 Forbes Middle East 30 Most Valuable Banks 2025
- 3 FAB Mobile Banking App — official
- 4 FAB Mobile App — App Store
- ae-cro In-corpus:
reports/countries/AE-united-arab-emirates.md
Source
Biography extracted from first-abu-dhabi-bank.md. See matrix.md for standards-support matrix if present.