Capinnova Investment Bank launched

At a time when so many banks are going to the wall, it is refreshing to see a new bank created in the Gulf. Capinnova Investment Bank, owned by BBK, was launched as its Shari’a compliant investment banking arm. The new nank’s core business lines are Private Equity, Asset Management and Corporate Finance. Capinnova has an authorized capital of US$500 million and paid-up capital of US$125 million.