What You Need to Know About Abu Dhabi’s Plan for a Megabank: Q&A

  • Investment bank EFG-Hermes says deal lacks ‘clear rationale’
  • Analysts say merger could trigger more banking industry deals

National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC, the two largest banks in the oil-rich emirate of Abu Dhabi, said on Sunday that they’re in early stage merger talks. A combination would create a regional powerhouse with assets of about $170 billion and a larger market valuation than Deutsche Bank AG and Credit Suisse Group AG.

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