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QATAR HOLDING GETS GO AHEAD TO BUY CONTROLLING STAKE IN HARRODS BANK

Qatar Holding has been given the go ahead to buy a controlling stake in Harrods Bank.

That’s according to UK newspaper the Daily Mail.

A spokeswoman for the bank has told the paper that a new board has been appointed to support the development.

Harrods Bank posted losses of 2 point 7 million dollars for the last financial year, largely due to provisions against an impaired loan.

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