First Abu Dhabi Bank P.J.S.C. (ADX:FAB) considered to be the biggest lender in the UAE, is no longer considering an offer for UK-based Standard Chartered PLC (LSE:STAN). On January 5, 2023, the bank said that it was considering a bid for Standard Chartered, but later added that it was no longer interested. According to Bloomberg, the offer for Standard Chartered was part of a plan to build an emerging markets bank.

Standard Chartered has been the subject of periodic takeover rumours.