Full integration of First Abu Dhabi Bank network by 2019
Abu Dhabi Bank
Dubai - Arab Today
Customers of First Abu Dhabi Bank will have to wait at least a year and a half before the entire FGB and NBAD network is integrated.
It will take from 18 months to two years to complete the process of unifying the back-end operations and records of the two lenders, Wam reported.
The lender has set April 24 as the date for its general assembly when shareholders will be asked to approve the change of name to First Abu Dhabi Bank. This can then move on for approval from regulators including the Central Bank and the Securities and Commodities Authority.
Until further notice, customers of both NBAD and FGB banks will retain their existing account details and should keep transacting as usual.
However, two branches are currently servicing customers of both banks – at NBAD’s headquarters on Khalifa Street in Abu Dhabi and FGB’s main branch in Dubai.
Source: The National
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