07:50 AM EST, 01/08/2025 (MT Newswires) -- Deutsche Bank ( DB ) is set to buy a portfolio of bad loans for about $800 million from First Abu Dhabi Bank, Bloomberg reported Wednesday, citing unnamed sources with knowledge of the matter.

The German bank outbid other global candidates including US hedge funds to acquire First Abu Dhabi's non-performing loan portfolio, the report added, citing the people.

The banks did not immediately respond to MT Newswires' requests for comment.

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