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The banking portfolio that is being sold to DCB Bank comprises Dh355 million ($97 million) in assets and Dh601 million ($164 million) in liabilities.
September 11th, 2019 - 07:57 GMT

ADCB to Sell Majority of Its India Banking Portfolio

Abu Dhabi Commercial Bank (ADCB) has agreed to sell the majority of its India banking portfolio to DCB Bank and will exit its operations in India subsequent to the transaction, subject to regulatory approvals. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-f…","video_id":"f7d9015a-9d54-4378-b62b-eb602c235947","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"Top 10 Women Leading Top Companies in Middle East"} In a statement posted on the Abu Dhabi Securities Exchange website, the bank said that this decision will have no impact on the bank’s profitability and is ...
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