The National Bank of Abu Dhabi (NBAD) said on Tuesday it has received approval from the regulatory authorities to repay the remainder of a AED5.6bn loan to the UAE government.
The bank, the country's largest lender by market value, said in a statement, that it would be repaying AED3bn ($816m) to the UAE Ministry of Finance.
NBAD received an amount of AED5.6bn as part of the UAE Government's support to the banking sector during the global financial crisis.
In line with its plan to repay the funds on a quarterly basis, beginning the third quarter of last year, NBAD repaid a total of AED2.6bn in 2012, the statement said.
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