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Stock impact report

Abu Dhabi's Second-Biggest Bank Said to Weigh Selling Bad Loans [Yahoo! Finance Canada]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
US:NYSE Investor Relations: stocktwits.com/symbol/s
Most Read from Bloomberg Abu Dhabi's second-largest lender could look to sell a package of non-performing loans as soon as the end of 2025, the people said, declining to be identified as the information is private. The bank is in the early stages of studying such a deal, the people said. ADCB first sold distressed debt in 2023, twin deals that were seen as landmarks for the region. It offloaded a $1.1 billion loan book to US hedge fund Davidson Kempner Capital Management LP, as well as $357 million of debt to a recovery fund led by professional services firm Grant Thornton. The bank hasn't made final decisions on the timing or size of the latest sale, though people familiar with the matter said it could be similar in magnitude to the Grant Thornton deal. A spokesperson for ADCB declined to comment. Get the Mideast Money newsletter, a weekly look at the intersection of wealth and power in the region. The lender recently received an upgrade from S&P Global Ratings, which sa Show less Read more
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