Union National Bank in Egypt to rebadge as Abu Dhabi Commercial Bank in September

M&A WATCH- Union National Bank in Egypt to rebadge as Abu Dhabi Commercial Bank next month: The Union National Bank in Egypt (UNB-Egypt) has received the Central Bank of Egypt’s approval to rebrand under the trademark of the Abu Dhabi Commercial Bank (ADCB). The news comes after its parent company UNB in the Emirates finalized its merger (pdf) with ADCB and Sharia-compliant lender Al Hilal Bank in April to create one of the largest retail banks in the UAE. Egypt Managing Director Ihab El Sewerky told Hapi Journal that the new branding would start rolling out at Egyptian branches in September.