Abu Dhabi banks issue statements on last week’s merger story
Yesterday ADCB, UNB and ADIB said that they have no knowledge of the news circulating on media channels that the Abu Dhabi government is considering a merger between i) ADCB and UNB and ii) ADIB and Hilal bank (unlisted). Last week Bloomberg News reported that these banks may look to merge following the completion of merger between FGB and NBAD at the end of 1Q17. (The National)
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