Abu Dhabi banks NBAD, FGB in early merger talks -sources

June 16, 2016 12:06 PM

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ABU DHABI, June 16 National Bank of Abu Dhabi and First Gulf Bank have held preliminary discussions on a possible merger of the Abu Dhabi-based lenders, two sources with knowledge of the matter said on Thursday.

"There's a proposal to merge the two to create one champion bank," one of the sources said.

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