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NBB plans branches in Riyadh, Abu Dhabi and Qatar

March 7, 2011
0

Abdul Razak Al Qassim, second from right with Chairman Farouk Yousuf Khalil Almoayyed, second from left with other board members during the bank's general assembly on Monday
National Bank of Bahrain (NBB) on Monday said that it planned to enter Saudi, UAE and Qatari markets as part of the bank’s regional expansion.

Abdul Razak Al Qassim, Chief Executive Officer and Director, on the sidelines of the bank’s 54th meeting of the general assembly of shareholders, he said that in the wake of financial meltdown which hit the markets two years ago, the bank had made a tactical decision to focus on the local Bahraini market.

However, he added, Riyadh, Abu Dhabi and Qatar will be among the expansion plans within the region.

Abdul Razak Al Qassim, second from right with Chairman Farouk Yousuf Khalil Almoayyed, second from left with other board members during the bank's general assembly on Monday
Tags: Abu Dhabi and QatarBD 23m cash dividendCapital IncreaseExpansion to RiyadhNational Bank of BahrainNBBUAE
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