Corporate corner: JS Bank opens branch in Bahrain
CBB Director of Licensing and Policy, Ahmed Al Bassam welcomed JS Bank’s new level of presence in the GCC market
KARACHI:
Pakistan-based JS Bank has officially opened its first branch office outside of its home country, in Manama, Kingdom of Bahrain, targeting the GCC, and eventually the wider Middle East and North Africa (MENA). The announcement follows the awarding of a wholesale conventional banking licence to JS Bank by the Central Bank of Bahrain (CBB) last year. As the eighth licensed Pakistani wholesale bank in Bahrain, JS Bank will serve regional businesses with interests in Pakistan, non-resident Pakistani expatriates, other Pakistani banks without overseas branches, and Pakistani government entities. Its service offerings include trade finance, treasury, institutional banking, corporate banking, and private banking & wealth management. CBB Director of Licensing and Policy, Ahmed Al Bassam welcomed JS Bank’s new level of presence in the GCC market.
Published in The Express Tribune, February 4th, 2016.
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