Financial and Banking News


Spanish Banks Pull Out of Bahrain 

Two Spanish banks - Banco de Vizcaya and Banco Exterior de Espana - have announced their departure from Bahrain. Vizcaya's Offshore Banking Unit (OBU) ceased operations at the end of July, while Exterior's representative office is to close by mid-September. So far in l9B6 three other OBUs have closed (Kredietbank, Scotiabank and CCF), and one other representative office has closed (First National...