VOL. XXXVII
NO. 10
6-DECEMBER-1993
Financial and Banking News
Regional Banking
Bahrain Introduces Deposit Protection Scheme
The Bahrain Monetary Agency (BMA) has introduced a deposit protection schemewhich will provide compensation in the event of a local commercial bank beingput into liquidation. The scheme applies to deposits held in the Bahrain officesof full commercial banks which are either residents or non-residents of Bahrain.There are 17 commercial banks in Bahrain (including Rafidain Bank,...
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