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
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