First Abu Dhabi Bank said to cut 20 jobs after merger: report

First Abu Dhabi Bank has reportedly cut up to 20 jobs in its global markets department after the merger of National Bank of Abu Dhabi and First Gulf Bank, unnamed sources told Reuters on Wednesday.

The bank is said to be screening people for several roles to cut out overlap, one of the sources said.

The merger, which took place April 1, established a lender with assets worth more than AED 670 billion ($182.4 billion).

First Abu Dhabi Bank declined to comment on the matter when contacted by Argaam.