The Central Bank of Bahrain (CBB) has granted a license to Cairo Amman Bank, a full-service bank in Jordan and Palestine, to operate in the country.
The license will allow the bank to set up a branch in Bahrain and expand its activities as a wholesale bank.
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Central Bank of Bahrain director of licensing and policy Ahmed Abdulaziz Al Bassam 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."
Cairo Amman Bank was formally founded in 1960 under the regulation of the Central Bank of Jordan and is listed on Amman stock exchange.
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