VOL. XLIII

No. 02

10-January-2000

UAE

UBK Sees Greater Retail Banking Role In GCC With Al-Ahli Merger

The United Bank of Kuwait (UBK) expects to play a stronger role in retail banking in the GCC once its merger with Bahrain-based Al-Ahli Commercial Bank (ACB) is finalized. The merger will enable the bank to accelerate its strategy of increasing fee-based income from its asset management, private and Islamic banking activities by leveraging on the retail banking franchise of ABC. Adel el-Labban,...