Thursday 06, May 2010 by
ADCB confirms interest in RBS UAE retail business
Royal Bank of Scotland, effectively under the control of the UK Government, is known to be looking reduce its international presence and dispose of assets. In a statement to the Abu Dhabi Securities Exchange, ADCB said, “ADCB notes the recent press speculation and can confirm that the bank is holding discussions with The Royal Bank of Scotland (RBS) which may or may not lead to the acquisition of RBS retail banking business in the UAE. However, no definitive agreement has been reached at this juncture. No further details can be provided at this point in time.”
