First Abu Dhabi Bank (FAB) has made history by becoming the first bank in the MENA region to join the Cross-border Interbank Payment System (CIPS) as a Direct Participant. This system serves as the official cross-border payment infrastructure for the Renminbi (RMB), marking a significant step for the UAE’s global bank and one of the largest financial institutions in the world.

By participating directly in CIPS, FAB enhances its capacity to offer clients faster, more secure, and efficient RMB payment solutions. This move strengthens its leadership in cash management and clearing within the Middle East and North Africa (MENA) region, showcasing the bank’s dedication to operational excellence and robust risk management practices.

FAB is currently the only bank in the UAE with a fully licensed branch in Mainland China. This unique position allows the bank to cater to the specific needs of clients and partners in both the UAE and China. As the largest bank in the UAE, FAB plays a crucial role in the nation’s economic and financial landscape, positioning itself to drive growth and innovation along the China-UAE/GCC corridor.

This achievement highlights FAB’s commitment to digital transformation and advancing the UAE’s status as a key financial hub. Hana Al Rostamani, Group Chief Executive Officer at FAB, emphasized the bank’s unique position among UAE banks and its ability to integrate the Renminbi into its global banking services. She stated, “Our direct participation in CIPS significantly enhances our ability to provide faster, more secure and efficient RMB payment solutions and deliver real-time settlement capabilities.”

FAB’s involvement in CIPS reflects its vision to lead in financial innovation as MENA’s premier bank. The bank continues to invest in cutting-edge infrastructure and capabilities, ensuring it remains the preferred partner for clients navigating the complexities of international trade and finance.

Founded in Abu Dhabi with a presence in 20 markets worldwide, FAB serves as the finance and trade gateway to the MENA region. As of March 2025, the bank reported total assets of AED 1.31 trillion (USD 356 billion), making it one of the world’s largest banking groups. FAB offers a range of financial services across investment banking, wholesale banking, and personal banking sectors. The bank is listed on the Abu Dhabi Securities Exchange (ADX) and has received high ratings from Moody’s, S&P, and Fitch, along with an MSCI ESG rating of ‘AA’, reflecting its commitment to sustainability.