Abu Dhabi Commercial Bank To Focus On Home Markets
Abu Dhabi Commercial Bank combined with local rivals Union National Bank and Al Hilal Bank in May to create the Gulf region's fifth-biggest lender
Abu Dhabi Commercial Bank has initiated the process of closing operations in both Qatar and Kuwait.
Abu Dhabi Commercial Bank PJSC, which completed a three-way merger in May, plans to exit its operations in Qatar and Kuwait to focus on its home market.
The lender initiated the process of closing operations in both the countries and have informed the authorities, according to a statement. The move comes after the bank sold the majority of its banking portfolio in India to DCB Bank Ltd.
Abu Dhabi Commercial Bank combined with local rivals Union National Bank PJSC and Al Hilal Bank PJSC to create the Gulf region’s fifth-biggest lender with $110 billion in assets.
For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.ADIO, Primavera To Collaborate To Attract High-growth Companies To Abu Dhabi
The partnership will increase cross-border capital flows, deepen investor partnerships and expand the footprint of glob... Read more
Saudi SME Bank Signs $801m Agreements To Expand Development Finance And Boost SME Growth
Saudi SME Bank signed $801m in agreements at MOMENTUM 2025 to expand development finance and strengthen SME funding Th... Read more
Crypto In The Spotlight As ADGM Reveals Next Wave Of Digital Asset Rules
FSRA’s latest regulatory enhancements target stronger supervision while supporting innovation across the region’s d... Read more
UAE Announces Two Tiers Of Sugar Tax Starting The New Year
Ministry of Finance announces tiered taxes ranging AED0.79-AED1.09 per litre on drinks that have more than 5 grams of s... Read more
Solmates Santori Says The UAE Is The Place To Build A “new Wall Street”
The Abu Dhabi-based company’s CEO says strategic location, proximity to capital ,and business-friendly environment ar... Read more
UAE, Saudi Arabia, Qatar, Kuwait And Bahrain Cut Key Interest Rates By 25bps Following US Fed Move
GCC central banks, including the UAE, Saudi Arabia, Qatar, Kuwait and Bahrain, cut key interest rates by 25bps after US... Read more