Bahrain’s finance institutions should consider consolidation as an option amid an overcrowded market, two of the country’s most prominent executives have said.
“I am one of these people who would favour consolidation. Let people grow and compete globally, absolutely,” Sheikh Mohammed bin Essa Al Khalifa, CEO of Bahrain’s Economic Development Board (EDB) told Arabian Business.
“Evolution in the industry is always good. I would say given that what’s going on globally with Basel 3 and all of that, in some cases I would say yes, consolidation will create more robust institutions.”
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