CBB grants license to open bank branch

Manama, Apr. 16 (BNA): The Central Bank of Bahrain (CBB) granted a license to Cairo Amman Bank, to open a branch in Bahrain. The license allows the bank to expand its activities as a wholesale bank from Kingdom of Bahrain. The bank was formally founded in 1960 under the regulation of the Central Bank of Jordan and it is listed on Amman Stock Exchange. Ahmed Abdulaziz Al Bassam, Director of Licensing & Policy, Central Bank of Bahrain, said "We welcome Cairo Amman Bank's decision to choose Bahrain as their financial hub to extend the bank's existing operations to financial institutions in Bahrain and the region."