Sat, Aug 30, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Barhrain’s Ithmaar Bank gets nod for merger

Posted on 23 October 2012

Islamic retail bank Ithmaar Bank announced that it will merge with one of its Bahrain-based associates, First Leasing Bank. The announcement, which follows the approval of the shareholders of both banks during separate Extraordinary General Meetings, is subject to final regulatory and legal approvals.
Ithmaar Bank Board Member Khalid Abdulla-Janahi, who chaired the Ithmaar Bank EGM, said the merger is in line with the bank’s commitment to concentrating on further developing its core business and continuing its growth………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031