Effective January 1st, Grindlays Bahrain Bank is operating under its new name, Commercial Bank of Bahrain, the Gulf News reported Wednesday.
The ANZ Banking Group, which held a 40 percent stake in the bank, has sold its shares to existing local shareholders for over 4.5 million dinars, said the paper, noting that when Standard Chartered Bank bought the group's holdings in the subcontinent and Middle East, it also acquired the 40 percent stake in the Bahraini bank -- Albawaba.com
© 2001 Al Bawaba (www.albawaba.com)
