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FAB to Complete Bank Audi Acquisition

FAB to Complete Bank Audi Acquisition

First Abu Dhabi Bank – Egypt (FAB), in collaboration with the Central Bank of Egypt (CBE), is to complete its 100% acquisition of Bank Audi, according to Mohamed Fayed, CEO of FAB. Fayed believes that the deal will contribute to the strengthening of Egyptian...
FAB to Complete Bank Audi Acquisition

FAB’s Q3 Profits Jump 54% to $1bn

UAE’s largest lender, First Abu Dhabi Bank (FAB) reported strong Q3 results with operating income up 49% YoY to AED 6.41bn ($1.75bn) driven largely by a 125% YoY jump in non-interest income to AED 3.27bn ($890mn). Operating profits came in at AED 4.82bn...
FAB to Complete Bank Audi Acquisition

FAB Reports Resilient Earnings

First Abu Dhabi Bank, UAE’s largest bank reported Q1 earnings on Wednesday with its balance sheet strengthened across liquidity, funding and capital ratios. The bank reported resilient performance despite the slow recovery from the pandemic – its Net...
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