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Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’ capital bases, a senior official said on Sunday.
Under the plan, Al Salam Bank would merge with Bahrain Islamic Bank, while CAPIVEST, Elaf Bank and Capital Management House would merge with each other………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more
Bahrain urges five Islamic banks to merge next year
| Posted on 12 December 2011 |
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