Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

REGIONAL BANKING

India ICICI Bank Launches Offshore Unit In Bahrain

ICICI Bank on 10 October announced the launching of its offshore banking unit (OBU) in Bahrain. The OBU will offer several products including real time remittances, savings accounts, time deposits, India-based products and private banking to non-resident Indians in Bahrain. The bank will also provide wholesale banking services such as treasury products, trade finance, and...