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Bank of Cyprus to set up unit in Dubai

The unit would be based in the Dubai International Financial Centre.

December 14, 2010 4:08 by



The Bank of Cyprus  plans to establish a banking unit in Dubai to focus on wealth management and private banking services, it said on Tuesday.

Bank of Cyprus said the unit would be based in the Dubai International Financial Centre. Its establishment would be subject to approval from regulatory authorities in Dubai and Cyprus, it said in a statement.

(Writing by Michele Kambas; Editing by Will Waterman)



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