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Shareholders approve three-way Bahrain bank merger

Shareholders of three Islamic banks in Bahrain have approved plans to merge them all into a single entity, a joint statement said, paving the way for a rare example of consolidation in the Gulf Arab banking sector.

July 1, 2012 5:01
 

Bahrain pushes bank merger to boost capital

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 on Sunday.

December 11, 2011 6:28