First Abu Dhabi Bank has completed the legal merger of the assets of Bank Audi Egypt and has changed its brand to First Abu Dhabi Bank - Egypt. General Investment.
According to Arabiya Net, First Abu Dhabi stated in a statement that the full integration of the bank's operations and systems will be completed in the last quarter of this year.
He added that after the end of the two phases of merging the assets and changing the current brand, the phase of merging the operations and systems of the two entities into one system remains, which is expected to be completed in the last quarter of this year, so that customers of the new entity can conduct their banking transactions and complete their banking services in any branch of the bank under the identity El Jadida First Abu Dhabi Bank - Egypt.
With the completion of the legal merger, First Abu Dhabi Bank - Egypt became one of the largest foreign banks operating in the Egyptian market with assets of 185 billion Egyptian pounds (equivalent to 10 billion dollars) as of March 31, 2022, with its branches spread in Egypt through 69 branches and 207 ATMs.
