IslamicFinance.de

Bangko Sentral ng Pilipinas gave its approval to the Development Bank of the Philippines (DBP) for selling the latter's stake in the Al-Amanah Islamic Investment Bank of the Philippines (Al-Amanah). The approval was issued on 20th of September. The next step is to obtain the approval of the Governance Commission for GOCCs (GCG). After that it will be possible to proceed with the bidding process for its 99.88% stake in the country’s only Islamic bank.

Read more on: http://www.bworldonline.com/content.php?section=Finance&title=BSP-approv...