Abu Dhabi: Speculation intensified on Monday that Abu Dhabi’s leading banks would face the first forced merger in the Gulf region due to the credit crisis as liquidity in the region tightened.
Shares in Abu Dhabi Commercial Bank (ADCB) soared for the second day as investors bet it would fall into the arms of larger rival National Bank of Abu Dhabi (NBAD), which would create the biggest lender in the UAE with a combined market value of around $12.5 billion.

Senior executives at both banks, speaking to Reuters on Sunday, denied any merger plans.

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