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Bahrain: Pro-M&A policy successfully streamlines banking

 |  December 2, 2013

Bahrain’s banking industry is seeing a wave of consolidation following central bank regulations that promote mergers in the sector, with Ibdar Bank being the latest in the M&A crunch.

Ibdar is the result of Monday’s finalization of a deal that merged Capivest, Elaf Bank and Capital Management House. The deal had been in the works for more than one year.

Reports say Bahrain’s banking industry took a hit in the 2008 financial crisis. Following the recent deal, however, Ibdar said it hopes to have a fresh start in 2014.

The bank operates in Malaysia, the Middle East, North Africa and Turkey.

Full Content: Arabian Business

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