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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Dubai Bank, EIB merger possible: report

Posted on 21 November 2011

The troubled Dubai Bank may merge with the Emirates Islamic Bank (EIB) following its acquisition by Emirates NBD, a newspaper reported on Sunday.
A committee comprising senior representatives from Emirates NBD, Dubai Bank and EIB found that the merger is possible given EIB’s sophisticated systems which allow it to fully absorb Dubai Bank’s operations, Alkhaleej said………………………………………..Full Article: Source

 
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