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03
NEWS
AfrAsia Bank Limited announced on Wednesday 10
th
December
the addiƟon of an important world-class strategic partner, NaƟonal
Bank of Canada, to its shareholding structure. This represents
a major vote of confidence in AfrAsia Bank Limited’s business
model, financial standing and unique posiƟoning in regional and
internaƟonal markets. NaƟonal Bank of Canada will immediately
acquire a 9.5% stake in AfrAsia Bank, with the aim of further
increasing its shareholding in the near future.
NaƟonal Bank of Canada, the sixth largest bank in Canada, is an
integrated provider of financial services to retail, commercial,
corporate and insƟtuƟonal clients. It has some 20,000 employees
and 2.4 million clients and offers a complete range of services,
including banking and investment soluƟons, securiƟes brokerage,
insurance and wealth management. Clients in the United States,
Europe and other parts of the world are served through a network
of representaƟve offices, subsidiaries and partnerships.
Clic
k here toread more.
AfrAsia Bank aƩracts significant shareholding
from NaƟonal Bank of Canada (NBC)
NaƟonal Bank of Canada
Headquarters,
Montreal