Monday, 4 July 2016

Abu Dhabi banks agree $29bn merger to create national champion - FT.com

Abu Dhabi banks agree $29bn merger to create national champion - FT.com:

"The boards of Abu Dhabi’s two largest banks have approved a merger to create the Middle East’s largest lender with a combined market capitalisation of $29bn.
The directors of the National Bank of Abu Dhabi and First Gulf Bank voted unanimously to create a national champion with $175bn in assets, more than a quarter of their home market’s outstanding loans and an international network across 19 countries."



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