Abu Dhabi Commercial Bank (ADCB) is divesting its banking portfolio in India to DCB Bank, aligning with its strategic shift to prioritize the UAE market. The sale, subject to regulatory approvals, involves AED 355 million in assets and AED 601 million in liabilities, sold at par value. ADCB stated that this move would not affect its profitability and is consistent with its plan to focus on domestic growth. Following its merger with Union National Bank and Al Hilal Bank, ADCB has positioned itself as the third-largest financial institution in the UAE, boasting assets worth AED 423 billion.
Kamco Research revealed that UAE banks continue to dominate the GCC market, holding the largest share of total listed bank assets at $710 billion. UAE banks also recorded the strongest quarter-on-quarter asset growth at 2.9%, largely driven by mergers like ADCB’s with Al Hilal Bank.
DCB Bank, headquartered in Mumbai, operates 334 branches across India and will integrate ADCB’s portfolio, further expanding its market presence.
