Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » FAB and Audi Bank merger complete🏦
The ClapThe merger between First Abu Dhabi Bank (FAB) & Bank Audi’s assets has been completed.
The deetsThe integration of both banks’ systems & operations will take place in Q4-2022.
Why this mattersBy 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.
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