Abu Dhabi banking giant ADCB to leave Jersey

Pedro Gonçalves
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Abu Dhabi banking giant ADCB to leave Jersey

Abu Dhabi Commercial Bank (ADCB) has decided to exit its operations in Jersey to focus on the UAE and has already informed the Jersey Financial Services Commission of the decision. ADCB will be informing customers and other stakeholders in due course of the exit, according to a bourse filing. The bank also said the move will have negligible impact on its profitability. "The process of discontinuing our operations in Jersey will be conducted over an extended timeframe, and ADCB's priorit...

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