Al Khaliji Bank acquires BLC Bank assets in RAK and other emirates
Al Khaliji Bank through its acquisition of the UAE assets of BLC Bank will be able to spread its wings over four emirates – Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah , where BLC Bank has one branch each.
Al Khaliji Bank CEO David Proctor on whether any more acquisitions were in the pipeline said “if there are opportunities like BLC Bank, then we may look at it.”
The bank has also outlined domestic expansion by investment in six branches, one more service centre and 10 offline ATMs as well as having a separate window initially for Islamic banking this year.
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