US EditionGulf Bank Approves Study on Merger with Warba Bank - Retail Banker International
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The Board of Directors of Arion Bank has decided to request merger negotiations between the two banks. Letters to this effect have been sent to Sigurður Hannesson, Chairman of the Board, and Ármann Þorvaldsson, CEO of Kvikubanki. In Arion Bank's announcement to the Stock Exchange today, it is stated that the Board of Directors of Arion Bank believes that the merger of the companies would deliver significant value to the shareholders of both comp…
The Board of Directors of Arion Bank decided at its meeting today to request that the Board of Directors of Kvika Bank initiate merger negotiations between the two companies.
Gulf Bank approves study on merger with Warba Bank - Retail Banker International
Gulf Bank has given the green light for a “feasibility” study regarding a potential merger with Warba Bank. This move was confirmed in a recent board meeting held on 25 May 2025. The study is a response to a proposal from Warba Bank, which is a major shareholder in Gulf Bank, to consider the viability of combining the two entities into a single Islamic Sharia-compliant bank. The board’s decision to proceed with the “feasibility” study is par…
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