Credit Suisse acquires Bahrain licence

by Richard Kilner

Story link: Credit Suisse acquires Bahrain licence

Credit Suisse has received a licence to conduct operations within Bahrain.

The licence will permit the investment bank to expand its geographical presence in the region by setting up an office in Manama, Bahrain.

The Central Bank of Bahrain has given the green light for the granting of the Investment Firm Licence, which will allow Credit Suisse to cater to high net worth individuals through the provision of a broad range of products and services.

With Bahrain’s rapid development boom, the demand for such services and products is also expanding swiftly, providing rich opportunities for the Swiss bank.

Credit Suisse’s co-chief executive officer for the Middle East, Bruno Daher, has stated that the firm is pleased to have received its licence, and that it underlines Credit Suisse’s commitment to the region.