Emirates Bank International

Dubai Bank takeover does not signal trend of consolidation

The fact that Bank Emirates NBD takes over Dubai Bank is more likely not ot have an impact in the Gulf Arab region. Although it's not a common merger, it is a handover arranged by the state.
Although seen as overbanked, the UAE takes rare steps towards consolidation. Emirates NBD is the result of a merger dating back to 2007 between Emirates Bank International and National Bank of Dubai. This was the last time when a bank in in the Gulf state bought a competitor or merged with one of its rival.

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