Citigroup has received 10 bids for its consumer banking business in Egypt, three sources with knowledge of the matter said on Tuesday, with banks from the United Arab Emirates prominent among potential purchasers.
National Bank of Abu Dhabi
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According to Global Finance, the National Bank of Abu Dhabi is acclaimed as the world's safest bank.
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.