trending Market Intelligence /marketintelligence/en/news-insights/trending/3zh3dw0jzswpbaowbf6wyg2 content esgSubNav
In This List

3 Abu Dhabi banks in merger talks

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


3 Abu Dhabi banks in merger talks

UAE-based Abu Dhabi Commercial Bank PJSC and Union National Bank - PJSC are in discussions to merge with Al Hilal Bank PJSC, Bloomberg News reported, citing people with knowledge of matter.

The potential merger would form a bank with some $110 billion of assets. Two of the sources said an announcement could come as early as in September if the talks are successful, the newswire said.

The government is combining state-owned companies following a decline in oil prices and asset quality, according to the report.