An Emirati man exits after using an Abu Dhabi Commercial Bank PJSC (ADCB) bank automated teller machine (ATM) in Dubai, United Arab Emirates, on Tuesday, Sept. 4, 2018. Abu Dhabi is engineering a second bank merger in its latest attempt to stay competitive in the era of lower oil prices. Photographer: Christopher Pike/Bloomberg
The new banking group will carry the ADCB identity and will continue to benefit from strong institutional backing, through the government of Abu Dhabi’s majority ownership. Bloomberg

UAE banks ADCB and UNB agree on merger and takeover of Al Hilal

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