Cairo Amman Bank obtains license to open branch in Bahrain

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Thursday 16 Apr 2015 - 15:12 Makkah mean time-27-6-1436 IINA) - The Central Bank of Bahrain (CBB) granted license to Cairo Amman Bank (CAB) to open a branch in Bahrain, BNA reported. The license will allow the bank to expand its activities as a wholesale bank from Kingdom of Bahrain. Director of Licensing & Policy at CBB Ahmed Abdulaziz Al Bassam said, "We welcome Cairo Amman Bank's decision to choose Bahrain as their financial hub to extend the bank's existing operations to financial institutions in Bahrain and the region." The bank was formally founded in 1960 under the regulation of the Central Bank of Jordan and it is listed on Amman Stock Exchange. SM/IINA