VOL. XLIV

No. 29

16-July-2001

BAHRAIN

Al-Ahli And Commercial Bank Of Bahrain To Complete Merger Within TwoMonths

Bahrains Al-Ahli Commercial Bank(ACB) and Commercial Bank of Bahrain (CBB formerly Grindlays Bank Bahrain)announced on 10 July that they are planning to merge within two months to forma major retail banking institution with a 21% market share, pending regulatoryapproval. The new entity will operate under the name of Ahli United Bank(Bahrain) as of 1 September, the banks said in a...