ID:
1554385170009277600
Thu, 2019-04-04 15:58
ABU DHABI: Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB) denied on Thursday they were in merger talks after a news report said the emirate was considering combining them.
Citing unnamed sources, Bloomberg reported on Wednesday that Abu Dhabi was considering merging the two lenders to create the Gulf region’s largest lender. First Abu Dhabi Bank, the largest lender in the United Arab Emirates, in a bourse filing said it “strongly denies the report issued by Bloomberg on the potential merger.”
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