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National Bank of Bahrain launches new financial restructuring division

National Bank of Bahrain BSC launched a financial restructuring business within the group as part of its efforts to increase participation and support for local and regional markets.

National Bank of Bahrain noted that Bruce Wade, who joined the lender as chief risk officer in 2014, will head the new business as CEO.

The division will provide specialized financial restructuring advice for companies in Bahrain and the Gulf Cooperation Council markets, with primary focus on corporate clients, as well as selective commercial banking customers.