Wednesday 24, October 2018 by Kudakwashe

Intesa Sanpaolo Private Bank to open representative office in Bahrain

 

Switzerland’s Intesa Sanpaolo Private Bank (Suisse) was established in 2001 and is fully owned by Italy's Intesa Sanpaolo.

The Central Bank of Bahrain (CBB) has announced that it has granted a representative office license to Bank of Intesa Sanpaolo Private Bank (Suisse) to operate in the Kingdom of Bahrain.

Ahmed Abdulaziz Al-Bassam, Director of Licensing, said that the Central Bank of Bahrain welcomes Intesa Sanpaolo Private Bank’s (Suisse)  decision to open a representative office in Bahrain.

Bahrain currently hosts several Swiss Banks that provide private banking in the region, according to local newswire, Bahrain News Agency.

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