First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank | ZAWYA MENA Edition:
First Abu Dhabi Bank (FAB) said on Wednesday it was not in merger talks with Abu Dhabi Islamic Bank.
The comment followed a local news report by Arabian Business which said Abu Dhabi's largest bank by assets had renewed "discussions for a possible merger deal" with the Shariah-compliant lender.
"Our official stance on this remains the same as our official statement published on ADX in April 2019," FAB said in an emailed response to Reuters.
Citing unnamed sources, Bloomberg reported in April 2019 that Abu Dhabi was considering merging the two lenders to create the Gulf region’s largest lender.
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