Showing posts with label emirates bank. Show all posts
Showing posts with label emirates bank. Show all posts

Friday, 12 August 2011

CAPITAL MARKETS - FRANCE - Al Baraka to launch 100 mln euro bank in France by H1 2012 - Albaraka Turk to issue Sukuk


JEDDAH, Saudi Arabia, Aug 11 (Reuters) - Bahraini Islamic lender Al Baraka will expand to France next year and expects to launch a bank with a capital of 100 million euros ($142 million) by the first half of 2012, the bank's top official told Reuters.
Al Baraka had announced in 2009 its plan to launch operations in France but had to postpone it due to the financial crisis. (source)