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Banking in Bahrain: Outlook, Growth and Perspectives

The banking sector has seen some consolidation in recent months, most notably among Islamic banks. Ithmaar Bank last year announced its merger with First Leasing Bank, in January of this year there was an announcement of the 3-way merger between Elaf Bank, Capital Management House and CAPIVEST to create an international bank with assets in excess of US $400 million, and the national bank of Bahrain and GOSI took over 52% of the Bahrain Islamic Bank.

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