Abu Dhabi banks merger: no immediate impact on customers

Thursday, 2 May 2019 08:12

It's going to be business as usual for customers of the three Abu Dhabi-based banks that have formally completed their merger.

The tie-up is between Abu Dhabi Commercial Bank (ADCB), Union National Bank and Al Hilal Bank.

The group says the integration of operations will largely take place behind the scenes, with minimal disruption to services.

Becoming the UAE’s third-largest lender, the combined entity has an asset base of more than AED 420 billion.

It will carry the ADCB identity, while Al Hilal Bank will operate as a separate Islamic banking unit within the group.

More from Business

Emirates Group posts record $3.3 billion half-year profit

The Emirates Group has announced a record profits of AED 12.2 billion ($3.3 billion) for the first six months of 2025, driven by strong travel demand "despite geo-political events and economic concerns in some markets".
US orders 10% flights cut at major US airports due to shutdown

US Transportation Secretary Sean Duffy has said he would order a 10 per cent cut in flights at 40 major airports, citing air traffic control safety concerns as a government shutdown hit a record 36th day.
H.H. Sheikh Mansoor highlights sustainability, innovation at Gulfood Manufacturing

His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, President of the UAE National Olympic Committee, has officially inaugurated the 11th edition of Gulfood Manufacturing at the Dubai World Trade Centre.
Dubai Chamber of Commerce welcomes over 53,000 new companies

The Dubai Chamber of Commerce has announced strong performance figures for the first nine months of 2025, reinforcing its role in driving economic growth and supporting the Dubai Economic Agenda (D33).
ADNOC, Gecko Robotics sign deals to accelerate AI, robotics, skills training

ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.