Mergers & Acquisitions
Retail Banking
Uncategorized
Potential Noor Bank acquisition 'positive' for Dubai Islamic Bank
A potential acquisition of Noor Bank by Dubai Islamic Bank would be a positive move for the buyer while further consolidation would benefit the UAE's overcrowded banking sector, according to EFG-Hermes. There is room for more consolidation among local lenders as the UAE is overbanked, with 22 local and 38…
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