ING is evaluating a return to India by buying a controlling stake in IDBI Bank, four years after it exited the country after selling its stake in Kotak Mahindra Bank, according to an Indian media report
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acquisitions
Manama-based Ahli United Bank inks deal to acquire Citi’s consumer banking business in Bahrain
The transaction, which is subject to regulatory approvals, includes the retail banking, credit card, and unsecured lending businesses, but excludes Citi’s institutional businesses
Abu Dhabi Islamic Bank
Abu Dhabi’s biggest Islamic bank weighs merger deals outside UAE
A saturated banking market and sluggish economic growth at home have pushed UAE banks to look for expansion abroad
acquisitions
Ithmaar says planned sale of Bahrain banking ops to BBK has been abandoned
Two entities signed a memorandum of understanding in September last year to press ahead with the acquisition
bank acquisition
Omani shares lead Mideast gains on rare bank tie-up
Qatari banks are expanding across the region, spurred on by the normalisation of ties between Doha and neighbouring Gulf states in January
bank acquisition
Rare cross-Gulf bank tie-up may strengthen with Qatar lender bid
Lenders in the oil-rich region are also combining locally after the twin shocks of lower energy revenues and the global coronavirus pandemic
Abu Dhabi
Gulf firms confront new era of low oil prices with merger wave
The growing number of transactions the Gulf region should encourage public and private companies to consider the M&A route as a path for growth
bank acquisition
Emirates NBD to pay 14% less for Turkey’s Denizbank after lira slide
Emirates NBD will now pay $2.75bn for Sberbank’s wholly-owned Turkish unit
alexander morozov sberbank
Emirates NBD said to consider paying Sberbank less for Denizbank
Emirates NBD struck a deal to buy Denizbank for 14.6 billion liras, which was worth more than $3 billion on May 22 – the lira has lost almost 30% of its value since then
