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...

Amanah Islamic Investment Bank of the Philippines has announced the designation of Enrique D. Bautista, Jr. as its new Chairman and Chief Executive Officer. He is replacing Armando O. Samia who has rejoined the marketing group of state-owned Development Bank of the Philippines (DBP).
Joining Bautista in the board of Amanah Islamic Bank are Jose A. Nuñez, Jr. as vice chairman, and Francisco F. Del Rosario, Jr., Jose Luis Vera, Armando Samia, Samira Gutoc, Nabil Tan, Ibrahim Mamao, and Abdul Hadjisalam as directors.

Al Amanah Islamic Investment Bank of the Philippines has announced the designation of Enrique D. Bautista, Jr. as its new chairman & chief executive officer, replacing Armando O. Samia who has rejoined the marketing group of state-owned Development Bank of the Philippines (DBP).