Deutsche Bank to acquire $800m bad loan portfolio

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This bad loan portfolio is valued at around $800m. Credit: kingma photos/Shutterstock.

German financial services company Deutsche Bank is set to acquire a non-performing loan portfolio from UAE-based First Abu Dhabi Bank, reported Bloomberg citing sources.

This bad loan portfolio is valued at around $800m.

The German bank outbid other contenders, including US hedge funds, to acquire this loan portfolio.

While the specifics of the deal, including the purchase price, remain undisclosed, this acquisition aligns with Deutsche Bank’s strategy to expand its Middle Eastern operations.

First Abu Dhabi Bank and Deutsche Bank have yet to release official statements regarding the transaction.

Traditionally, banks sell off non-performing loans to alleviate balance sheet pressures and reallocate resources.

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This practice has been observed with Abu Dhabi Commercial Bank offloading $1.1bn of bad debt to Davidson Kempner in 2023, a transaction that set a precedent for similar deals in the region.

In the past year, Deutsche Bank has been bolstering its regional team and appointed a seasoned banker as the new regional chief executive.

In November 2024, Deutsche Bank invested Rs51.13bn (approximately $607m) into its India operations to drive growth through digital transformation.

This, along with retained earnings and other statutory components, increases the regulatory capital of Deutsche Bank AG’s India branches to nearly Rs300bn ($3.56bn).