03.10.2012 - Bahraini Islamic banking merger on the cards
Ithmaar Bank has announced negotiations on a proposed merger with First Leasing Bank, one of its Bahrain-based associates, have reached an advanced stage. Ithmaar Bank Chief Executive and board member Mohammed Bucheerei said directors of both entities had approved the merger and the Central Bank of Bahrain (CBB) had also given its initial approval...............................................Full Article: Source
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