National Bank of Abu Dhabi to Buy $900 Million RBS Indian Loans - Bloomberg Business

National Bank of Abu Dhabi to Buy $900 Million RBS Indian Loans - Bloomberg Business:

"National Bank of Abu Dhabi PJSC, the United Arab Emirates’ largest bank, signed an agreement with Royal Bank of Scotland Group Plc to buy about $900 million of offshore loans to Indian companies.
The deal should be completed progressively from the third quarter of 2015, subject to conditions, the bank, which is 70 percent owned by the oil-rich emirate, said in a statement posted on the Abu Dhabi stock exchange website Sunday.
Deutsche Bank AG acquired about $200 million of RBS’ Indian loan assets, people familiar with the matter said last month. The German lender also bought some Singapore and Indonesian assets from RBS, they said."



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