NBB gets Dubai licence

by Reuters Tuesday, 03 July 2007

National Bank of Bahrain (NBB) said on Monday it had been granted a licence from the UAE central bank that would allow it to start operations in Dubai. The bank, which recently received a licence to operate in Riyadh, said it planned to expand across the Gulf.

Related Stories

"This (UAE licence) is a direct result of the bank's strategy to aim for expansion in the Gulf Arab region," the bank said.
NBB posted a first-quarter net profit of 12 million dinars ($31.8 million), a 20.2 % rise compared with the year-earlier period.

Last year, the UAE central bank granted Doha Bank, National Bank of Kuwait and Saudi's Samba Financial Group licences to open branches in the country.



Search Property (2042 listed)



Enter a Development, City, Real Estate Agent or Developer name
Property Type
Added to Site
Price Range
to
Bedrooms
Area (in sqft)
to
to

Quick Links(Residental)