24.08.2009 - Middle East investors eye Al-Amanah

From Inquirer.net: The Al-Amanah Islamic Investment Bank of the Philippines is in talks with foreign financial institutions for the sale of up to 40 percent of the state-owned bank. Al-Amanah, acquired last year by the Development Bank of the Philippines, had been posting large losses for the last few years. DBP aims to turn the bank around with the fresh capital that foreign investors from Muslim countries could bring...........Full Article: Source

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