M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Sohar International and Ahli Bank Oman Sign Letter of Intent to Merge, Creating a $28.84 Billion Lender
Sohar International Bank and Ahli Bank Oman have announced a letter of intent to merge, with the combined entity set to hold approximately OMR 11.1 billion ($28.84 billion) in assets.
Emirates NBD Advances Due Diligence on Egypt's Banque du Caire, Targets 60% Stake
The Central Bank of Egypt has approved Emirates NBD to conduct due diligence on Banque du Caire, with the Dubai lender reportedly targeting a 60% stake as part of Egypt's privatisation programme.
Axis Bank India Eyes Bolt-On Acquisitions in Wealth Management and Digital Lending After Citibank Integration
Axis Bank has signalled openness to small-to-mid acquisitions in wealth management and digital lending as its Citibank India consumer integration nears completion.
Japan's Daishi Hokuetsu Financial Group and Gunma Bank Announce Plans to Consolidate Operations
Daishi Hokuetsu Financial Group and Gunma Bank have announced plans to combine, the latest deal in Japan's accelerating regional bank consolidation wave.
China Injects Special Bond Capital Into ICBC and State-Owned Banks to Bolster Lending Capacity
Beijing announced a special bond-funded capital infusion into ICBC and other state-owned banks, lifting ICBC's market cap 1.4% in Q1 2025.
Turkey's Capital Markets Board Approves BBVA Tender Offer for Remaining Garanti BBVA Shares
Turkey's Capital Markets Board has approved BBVA's voluntary tender offer to acquire the remaining shares of Garanti BBVA, moving toward full ownership of the Turkish lender.
Abu Dhabi Investment Authority Makes Strategic Investment in India's IDFC FIRST Bank
The Abu Dhabi Investment Authority has completed a strategic investment in IDFC FIRST Bank, reflecting the GCC's growing appetite for stakes in India's expanding private banking sector.
Saudi Arabia's Al Rajhi Bank Acquires Full Ownership of Ejada Systems to Accelerate Digital Transformation
Al Rajhi Bank has completed the full acquisition of Ejada Systems Company, bolstering its technology infrastructure as part of its Vision 2030-aligned digital banking strategy.
KCB Group Acquires 75% Stake in Kenyan Fintech Riverbank Solutions for $15m
KCB Group has agreed to acquire a 75% stake in Kenyan fintech Riverbank Solutions for approximately $15 million, expanding its digital banking capabilities in East Africa.
Brazil's BRB Awaits Central Bank and CADE Approval for Banco Master Acquisition
BRB's 58% acquisition of Banco Master entered regulatory review by Brazil's Central Bank and CADE after the deal closed on 28 March 2025, excluding R$23bn in non-core assets.
Postal Savings Bank of China Absorbs Rural Cooperatives in State-Directed Consolidation Drive
PSBC and other large state banks are absorbing distressed rural credit cooperatives under a regulatory mandate, shrinking the sector by more than 350 institutions in 2025.
UBS Completes Legal Merger of Credit Suisse Switzerland into UBS AG
UBS has folded Credit Suisse's domestic Swiss entity into UBS AG, creating a combined bank with approximately CHF 1.6 trillion in total assets.