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State-run Development Bank of the Philippines (DBP) has obtained the Bangko Sentral ng Pilipinas’ approval to sell its stake in the Al-Amanah Islamic Investment Bank of the Philippines (Al-Amanah), a senior official said.
“We have obtained the approval in principle for the divestment of our stake in Al-Amanah,” said Estrella E. Icasiano, DBP senior vice president and head of investment banking and capital markets group. The BSP issued its approval on Sept. 20………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more
Phillipines: BSP approves Al-Amanah sale
| Posted on 25 October 2012 |
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