Would an NBAD and FGB Merger Be a Good or a Bad Deal?

The transcript discusses a potential merger between the National Bank of Abu Dhabi and 1st Gulf, which could create a lender with $170 billion in assets, making it the largest bank in the Middle East. The merger is seen as beneficial for the UAE's banking sector, which is ripe for consolidation. The deal is compared to the Emirates NBD merger from a decade ago. The discussion also covers the potential market pressures and changes that could result from this merger, highlighting the need for larger entities to compete globally.

What are the names of the banks exploring a potential merger?

How many banks are currently operating in the UAE according to the text?

What is the estimated asset pool of the merged entity?

What is the significance of this merger in the context of the banking industry in the UAE?

What challenges does the banking industry in the UAE face that may lead to consolidation?