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Deutsche Bank awarded wholesale banking licence in UAE

Posted on 19 December 2008

From CPI Financial: UAE Central Bank grants Deutsche Bank a wholesale banking licence allowing the German group to expand its product offerings.

Deutsche Bank has received authorization from the Central Bank of the United Arab Emirates to conduct wholesale banking through an on-shore branch, which will enable it to take institutional deposits, and offer loans and advances to corporate entities, government and semi-government institutions….. Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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