UAE bank NBAD expects low single-digit revenue, earnings growth in 2016

National Bank of Abu Dhabi , the emirate's largest lender by assets, expects low single-digit revenue and earnings growth for 2016, Chief Financial Officer James Burdett said on a conference call on Wednesday. NBAD Chief Executive Alex Thursby said on the same call he would not be part of the leadership of the bank created after the merger of NBAD and rival First Gulf Bank (FGB). Merging NBAD and FGB, as recommended by the boards of the two lenders, would create one of the largest banks by asset