Browsing: loan portfolio

First Abu Dhabi Bank (FAB), the largest lender in the UAE by assets, is reportedly planning to sell its non-performing loan portfolio valued at approximately $800M (AED 2.94B) to Deutsche Bank. This transaction marks a rare significant distressed debt deal within the GCC region.

ADCB, the third-largest bank by assets in the UAE, has announced a 20 per cent increase in its second-quarter profit, surpassing the expectations of analysts.