MERGER: NBAD and FGB Agree to Create $175 Billion Bank
Posted on 07/03/2016
A wave of mergers and consolidations in the Gulf financial sector is occurring partly due to the prolonged low price in oil, to reduce the number of lenders in an overbanked region and a bid to increase efficiency. For example, the Mubadala Develoment Company and International Petroleum Investment Company (IPIC) received orders to merge. The […]
- Abu Dhabi
- Abu Dhabi Investment Council
- Central Bank of the United Arab Emirates
- Central Banking
- FGB
- Freshfields
- IPIC
- Middle East
- Mubadala
- NBAD