Dubai: Abu Dhabi Commercial Bank’s potential merger with Union National Bank and Al Hilal Bank will likely create UAE’s third biggest bank with assets of Dh417 billion.
The combined bank, if the deal goes through, will stand third in terms of equity, loan, and deposits, and also in terms of number of branches and number of employees.
“This move will create a stronger organisation that can offer shareholders higher value for money aside from the fact that it would strengthen the economy,” Essam Kassabieh, senior financial analyst – research department at Menacorp, said.
Here is a quick look on how the bank will fare on various counts compared to other banks in the UAE:
