The Gulf region bank is looking outside its domestic market to deliver wealth management business due to uncertainties closer to home, a report said.

One of the leading banks based in the Gulf region intends to expand wealth management in Asia and Africa and continue strong growth even while economic and political uncertainties in its home market cast a shadow, according to Reuters.

National Bank of Abu Dhabi has reported that profit and revenue posted by its global wealth unit both rose sharply last year, up 61 per cent and 89 per cent year-on-year respectively for 2014, the news service said.

NBAD’s diversification strategy "should help to offset the recent challenges of weaker local markets”, Gary Dugan, NBAD's global banking chief investment officer, told the news service.

The wealth management strategy matches the bank's wider aim of expanding through eight banking hubs it wants to set up in major cities from West Africa to China.

The report said the bank plans to open in July its first office in India. The office will be in Mumbai.

"We have a love affair with India," Dugan said of the business opportunities there.