First Abu Dhabi close to complete merging with Bank Audi Egypt

Mon, 12 Sep 2022 - 08:10 GMT

The largest UAE bank acquired the unit of Bank Audi in Egypt in 2020, and announced the completion of the legal merger procedures in June with the change of its brand to "First Abu Dhabi Bank Egypt".

First Abu Dhabi announces completion of legal merger of assets of Bank Audi - Egypt

Sun, 12 Jun 2022 - 04:00 GMT

The bank had obtained the final approvals from the regulatory authorities, including the approval of the Central Bank of Egypt (CBE) and the General Investment Authority, while the bank’s operations and systems will be fully integrated in the last quarter of this year.