DBS's Islamic Bank Of Asia To Set Up Representative Office In Bahrain

Source : Channel NewsAsia, 03 October 2007

The Islamic Bank of Asia has received the green light from the Central Bank of Bahrain to set up a representative office in the country.

It will be the bank's first office in the Middle East and is expected to open by the end of the year.

The bank is a joint venture between DBS and investors from the Gulf Cooperation Council.

The representative office will focus on developing wholesale, commercial and investment banking businesses in the Gulf Cooperation Council countries. - CNA /ls