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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Emirates NBD not in talks on EIB, Dubai Bank merger

Posted on 26 October 2010

From Bloomberg: Emirates NBD PJSC, the United Arab Emirates’ biggest bank by assets, is not holding any talks about merging its Emirates Islamic Bank PJSC unit with Dubai Bank PJSC, Chief Executive Officer Rick Pudner said.
“The reports in the press regarding the completion of these technical examinations, evaluations are not accurate,” Pudner said on an earnings conference call from Dubai today. “I would just like to confirm that there are currently no talks with regard to the merger or acquisition of Dubai Bank by Emirates Islamic.”………………………………………Full Article: Source

 
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