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FINANCIAL NEWS
NBAD, FGB in talks for promising merger
19 Jun 2016
(MENAFN) National Bank of Abu Dhabi (NBAD), and First Gulf Bank (FGB) has launched a week-long talks over a possible merger or a combination.
Additionally, some citing sources aware of the matter stated on Thursday that the two financial institutes were in preliminary talks on a union.
Upon the merger, the groups will provide their recommendations to their respective boards of directors. The merger would create the largest bank by assets in MENA.
Moreover, the banks said each lender had launched a working group to “review the commercial potential along with any legal and structural aspects of the merger.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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