VOL. XLV

No 26

1-July-2002

BAHRAIN/KUWAIT

NBK ToMove Onshore In Bahrain

The Bahrain Monetary Agency (BMA) has agreed to the NationalBank of Kuwait痴 (NBK) request to establish anonshore presence in the kingdom, where previously the Kuwaiti bank had beenlimited to offshore activities. NBK痴 new onshorebranch is expected to open its doors within two months. According to Ibrahim Dabdub, Vice Chairman ofNBK, the move into Bahrain represented part of the bank痴strategy of expansion in the region to...