Bank Sharjah eyes JV with BNP Paribas

Varouj Nerguizian, general manager of the Bank of Sharjah, has unveiled plans to form a joint venture aimed at tapping the fast-growing Middle-Eastern market for the very rich, Reuters has reported. The bank is also considering establishing a European footprint, either by acquiring a small bank or obtaining a licence, he said. 'I think we are going to pursue that shortly ... there is a lot of a business between Europe and the UAE that you can capture through that entity,' Nerguizian told the news service.