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Financial and Banking News

Regional Banking

Bahrain to Establish Development Bank

The Bahraini cabinet has recently endorsed a plan to establish a newdevelopment bank designed to provide a variety of financing services for newinvestors interested in expanding the island's light industry sector. TheBahrain Development Bank (BDB) is to be operational by 1 January 1992 and will have an authorized capital of BD25mn ($66.3mn), with an initial paid-up capital of BD10mn...