First Abu Dhabi Bank announced that it had agreed with Bank Audi to halt the possible acquisition of the activities of the Banque du Liban in Egypt.

 

According to Reuters, the largest bank in Abu Dhabi said the decision was made in view of the unprecedented circumstances and unconfirmed prospects associated with the Covid-19 pandemic.

 

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The bank added that the decision is in the interest of its shareholders, customers and employees.