13.12.2011 - Bahrain's biggest merger of banks
Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases, a senior official said. Naser Mohammed Al-Belooshi, Executive Director of management services at the Bahrain Monetary Agency, the Gulf Arab state's central bank -said capital limitations would continue to seriously compromise the ability of Islamic banks to finance major international projects...............................................Full Article: Source
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