DUBAI Feb 7 National Bank of Abu Dhabi (NBAD) said on Tuesday it will seek shareholder approval to double the size of its euro medium term note programme to $15 billion from the existing level of $7.5 billion.
Shareholders will discuss the hike at the bank's general assembly on Feb. 28, it said.
The statement did not detail the reason for the increase or how the programme would fit into NBAD's planned merger with First Gulf Bank. The two banks are due to combine as a single entity from April 1. (Reporting By Tom Arnold; Editing by Muralikumar Anantharaman)
UPDATE 3-Bastos resigns as head of Brazil's BNDES as scandal heightens pressure
RIO DE JANEIRO/BRASILIA, May 26 Maria Silvia Bastos resigned on Friday as head of Brazil's development bank BNDES amid a political crisis that had increased pressure against her by credit-starved business leaders.