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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Investment more

Three foreign investors eyeing stake in Al-Amanah bank

Posted on 21 August 2009

From GMANews.TV: Three foreign investors are interested in possibly securing a 40 percent stake in the Al-Amanah Islamic Investment Bank of the Philippines (Al Amanah), the lender’s chairman and chief executive said.

The bank, which is wholly-owned by state-run Development Bank of the Philippines (DBP), will increase its capital to P5 billion in the next five years from P1 billion, its chairman and chief executive Armando O. Samia said………….Full Article: Source

 
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