Abu Dhabi Commercial Bank (ADCB) CEO Alaa Eraiqat said yesterday the value of the bank's acquisition of the individual banking services sector of Royal Bank of Scotland (RBS) totalled $100 million (Dh367m).
The deal will boost the bank's customer base by 250,000 to 600,000, he said.
He told Emirates Business he expects the Central Bank to approve the deal.
As part of the deal, ADCB acquires three branches, the bank said. The deal will give ADCB a 15 per cent market share in the UAE credit card market, said Eraiqat.