The Clap
The merger between First Abu Dhabi Bank (FAB) & Bank Audi’s assets has been completed.
The deets
The integration of both banks’ systems & operations will take place in Q4-2022.
Why this matters
By completing the merger, FAB (now FAB – Egypt), has become one of the largest foreign banks in Egypt with $10 billion in assets, 69 branches and 207 ATMs.
