First Abu Dhabi Bank

The text refers to the condensed consolidated interim financial information for FAB (First Abu Dhabi Bank) for the second quarter of 2024, covering the six-month period ending on June 30, 2024.

On July 11, 2024, the First Abu Dhabi Bank (FAB) addressed the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange regarding recent news reports. FAB clarified that reports suggesting it is considering acquiring a stake in Yes Bank Ltd are unfounded. The bank emphasized that it is not evaluating any potential offer for Yes Bank Ltd. FAB reiterated its focus on executing its growth strategy and delivering strong returns to shareholders. Any significant developments will be communicated to stakeholders in accordance with regulatory requirements. For media inquiries, contact FAB Communications, and for investor-related inquiries, contact FAB Investor Relations.

On January 7, 2024, First Abu Dhabi Bank (FAB) announced the departure of Chief Risk Officer Pradeep Rana due to personal reasons. Subramaniyan Iyer, the Deputy Chief Risk Officer, has been appointed as the Acting Chief Risk Officer effective June 28, 2024. The Board of Directors and leadership of FAB expressed their gratitude to Mr. Rana for his contributions during his four-year tenure. A permanent successor for the Chief Risk Officer role will be announced soon. In the interim, Mr. Iyer will collaborate with the executive team to uphold the bank's strong risk management culture. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.

The Abu Dhabi First Bank (FAB) has released a statement acknowledging recent market speculations. The bank reassures its focus on executing its growth strategy and providing strong returns to its shareholders. The statement also mentions that the bank may engage in strategic discussions about expanding its operational network in line with its overall banking operations. FAB ensures that any significant disclosures will be made in accordance with regulatory requirements.

The text refers to the condensed consolidated interim financial information for FAB for the first quarter of 2024, which covers the three-month period ending on March 31, 2024.

The text provided is a heading for a management discussion and analysis report for the first quarter ending on 31 March 2024. This report is likely to contain a detailed review of a company's financial performance, operational activities, and potential future strategies.