Clients of Royal Bank of Scotland (RBS) in the UAE have been given until August 25 to transfer details of their accounts to Abu Dhabi Commercial Bank (ADCB), Khaleej Times has reported. The move is due to ADCB's acquisition of the retail banking business of RBS in the UAE. The acquisition remains subject to UAE central bank approval and is expected to be completed in the fourth quarter. "As part of the transfer to ADCB, we wish to notify you of the proposed transfer of your UAE account[s], credit card[s] and/or loans to ADCB, who look forward to servicing your banking needs," RBS said in a letter to its clients.
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