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Islamic Finance Briefing - Categorized | Banking, New Launches more

Koch eyes trade finance to right Faisal ship

Posted on 19 February 2010

From Reuters: The development of a trade finance arm will be an important next step in restoring the fortunes of struggling Faisal Private Bank, said its new CEO, but it will take time and probably fresh capital too.

Mark Koch, who became chief executive of the bank at the start of 2010, told Reuters during the Islamic Banking and Finance Summit the company would leverage its relationships with its parent, Bahrain-based Ithmaar, and other banks in the group such as Faysal Bank Pakistan…………………………………..Full Article: Source

 
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