Israel’s biggest banks to cooperate with Bahrain lender
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Putting this news in context of the Islamic economy: The National Bank of Bahrain offers Islamic products and owns Bahrain Islamic Bank. - Salaam Gateway |
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Published 17 Jan,2021 via Bloomberg Markets - Israel’s two largest lenders have each signed memorandums of understanding with National Bank of Bahrain to facilitate business dealings between the countries.
Bank Leumi Le-Israel and Bank Hapoalim Ltd. said on Sunday they reached cooperation agreements with the Bahraini bank. The accords will provide a banking platform for trade ties, currency and securities trading, as well as investment between the two countries.
Bahrain in September signed an agreement to establish normal relations with Israel.
(Updates with Bank Hapoalim agreement in second paragraph.)
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Alisa Odenheimer