BNP to move some office ops from Bahrain
Manama, August 17, 2011
French lender BNP Paribas plans to move some of its back-office operations out of regional hub Bahrain, Reuters said quoting two sources.
The sources, who spoke on condition of anonymity, said BNP may boost existing Gulf locations such as Dubai, Doha and Riyadh. The bank employs 383 staff in Bahrain.
The sources said they did not know how many employees would be affected by the proposed moves. A BNP Paribas spokeswoman was not immediately available for comment.
Operations that could be moved include payments, some accounting and finance functions, and other non-client-facing roles, the sources said. - Reuters
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