NO. 6


Financial and Banking News

Regional Banking

Business Bank Acquires BCCI Branches in Jordan

The Central Bank of Jordan on 31 October signed an agreement with BusinessBank ö a Jordanian investment bank ö for the sale of three local branches ofthe Bank of Credit and Commerce International (BCCI) to Business Bank. TheCentral Bank took over BCCI in Jordan after the collapse of BCCI in early Julyand appointed a committee to supervise its affairs in the Kingdom. According...