A merger of Abu Dhabi’s two largest banks would create a lender that overtakes some of the best-known global banks by market value. National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC said on Sunday they are in early stages of evaluating a merger. If completed, the combination would create a bank with a market value of about $29 billion, larger than Credit Suisse Group AG, Standard Chartered Plc and Deutsche Bank AG, according to data compiled by Bloomberg.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE