Abu Dhabi Commercial Bank (ADCB), the UAE’s third-largest lender, signed an agreement to acquire the mortgage portfolio of Abu Dhabi Finance. The transaction is expected to further grow the bank’s retail and small-and-medium enterprise (SME) units, increase the scale of its home finance business and introduce more customers to its products, ADCB said in a ...

Abu Dhabi Commercial Bank (ADCB) said on Monday it will exit its operations in China to focus on its home market in the UAE. The bank has a branch in Shanghai, which it inherited from Union National Bank following last year’s three-way merger that also featured Al Hilal Bank. Approval has been gained from the ...