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Islamic Finance Briefing - Categorized | Banking, Market Moves more

StanChart reported to have eye on controlling stake in Bank Muamalat

Posted on 22 June 2011

British-based Standard Chartered is planning to bid for a controlling stake in Bank Muamalat, the oldest Islamic bank in Indonesia, after its local affiliate, Bank Permata, withdrew from the race, sources with direct knowledge of the matter have said.
Qatar Islamic Bank and Bank Mega were among suitors that submitted second-round bids ahead of last week’s deadline……………………………………….Full Article: Source

 
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