Banks in the Gulf are sucking in capital to fund expansion plans.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
First Gulf Bank PJSC and National Bank of Abu Dhabi PJSC completed a merger to create the United Arab Emirates' biggest bank with assets of $180 billion, with the new entity to be called First Abu Dhabi Bank.FGB and NBAD were Abu Dhabi's two biggest banks by market value before the merger, which was originally announced in July.The new bank will be the second-biggest in the six-nation Gulf Cooperation Council after Qatar National Bank SAQ with a presence across 19 countries.
FOLLOW THIS ARTICLE