Swiss ICB To Expand Oriental Bank

March 2008 | M&A News Alert

ICB Financial Group Holdings, based in Switzerland, is the new majority owner of Oriental Bank after it made the highest bid to buy a 50.1% stake of the Bangladeshi bank for BGT3.50 (US$51mn). Dr. Hadenan Bin A Jalil, chairman of ICB, plans to focus the bank on shari'a-based banking, primarily in

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