RAK Bank slows expansion plans

03 October 2010

Bank still positive about working in Kuwait, Qatar and Oman

RAK Bank looks set to put its expansion plans into the GCC on hold, Emirates Business has reported. “Our size is not that big to adventure outside. We are very positive about going out to neighbouring countries like Kuwait, Qatar and Oman but we are withholding our thoughts on that. We looked at these countries but we have no actual dates to penetrate them,” chairman Sheikh Omar bin Saqr al-Qasimi, said. “We are expanding but slowly and in a conservative manner.”

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