Mr. Ahmed Al-Bassam, Director of Licensing & Policy, Central Bank of Bahrain (picture)
Manama, Kingdom of Bahrain - 8
th February 2011 - The
Central Bank of Bahrain ("CBB") has granted a License to the
Bank of London and The Middle East plc ("
BLME"), an FSA authorized Independent Wholesale Shariah-compliant bank based in London, to open an office in the Kingdom of Bahrain.
From its main office located in the city of London,
BLME provides a wide range of Shariah-compliant banking services and advice to businesses and individuals, with a strong focus on Europe, the Middle East and North Africa regions, as well as the USA. The five core areas that set the foundations for
BLME's offerings are Private Banking, Corporate Advisory, Corporate Banking, Asset Management and Markets division.
The Bahrain office will be
BLME 's first overseas presence, through which the bank intends to tap the Middle East markets. (
source)
