BMI gains Seychelles approval
Bahrain: Thursday, March 13 - 2008 at 14:45
Bahrain-based BankMuscat International (BMI) has announced that it has received a license from the Central Bank of Seychelles to set up its Offshore Banking venture. BMI will manage BMI Offshore Bank, a Joint Venture with locally incorporated Nouvobanq, the largest bank in Seychelles. BMI Offshore Bank will engage in Offshore Banking and Private Banking services and provide access to Trust and Investment services. The new venture is expected to be operational by the third Quarter of 2008.
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Jeff Florian, Senior ReporterThursday, March 13 - 2008 at 14:45 UAE local time (GMT+4)
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