Abu Dhabi's ADCB buys RBS UAE retail assets, UAE Banks, Banking & Investment - Maktoob Business

Abu Dhabi Commercial Bank has finalised a deal to buy Royal Bank of Scotland's UAE retail arm for around $100 million, ADCB said on Wednesday, expanding its domestic footprint.

As part of the deal, ADCB acquires three branches along with 250,000 customers, Abu Dhabi's third-largest bank by market value said in a statement.

The $100 million deal, which is expected to close within four months, will be financed from internal cash resources, the lender said.