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Palestine Commercial Bank approves to merge with Bank of Palestine

2016-03-06

The Board of Directors of Palestine Commercial Bank PCB approved unanimously to merge with Bank of Palestine, through allocating every three shares in PCB equivalent to one share in Bank of Palestine. The Chairman of the Board was authorized for the completion of the required procedures that will be presented to the General Assembly at its first extraordinary meeting. It's worth mention that the deal was approved by Palestine Monetary Authority.