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Jordan licenses National Bank of Abu Dhabi

Posted on 05 August 2009

From Reuters: The Central Bank of Jordan (CBJ) has granted a foreign bank licence to the National Bank of Abu Dhabi NBAD.AD to undertake commercial banking services in the country.

The UAE’s biggest bank by market value was granted approval by the CBJ board to set up a subsidiary with a minimum capital of 50 million dinar ($71 mln) as stipulated by the country’s banking regulations, a central bank source told Reuters………..Full Article: Source

 
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