Reported 4 days ago
Abu Dhabi Commercial Bank (ADCB) is reportedly exploring the sale of a package of non-performing loans as part of efforts to clean up its balance sheet, potentially by the end of 2025. Having previously sold distressed debt in 2023, ADCB is examining a deal that could mirror past transactions involving substantial amounts. The move aligns with a broader trend in the Middle East, where banks are increasingly offloading bad debts to enhance financial stability.
Source: YAHOO