UAE: Further banking consolidation on the cards in Abu Dhabi

Issue 1065 - 07 Sep 2018 | 1 minute read

Abu Dhabi is pushing for further consolidation among the emirate’s banks, with Abu Dhabi Commercial Bank (ADCB) holding merger talks with both Union National Bank and Al-Hilal Bank. All three institutions are either wholly- or majority-owned by the emirate’s government.

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