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gulf banking.
(From Arabies Trends)
Byline: Richard Dean MANAMA
Regulators have hammered the final nail into the coffin of the failed Bahrain International Bank
(BIB). In early May, the bankOs lenders and depositors signed an agreement on an asset
realization protocol (ARP) for the bank ETH in effect, cutting their losses and taking what they
could get from the once thriving boutique investment institution. Shareholders had already
backed the deal: they gave their approval during an extraordinary general assembly meeting in
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