Bank of Palestine expands into ADGM with FSRA approval

Bank of Palestine secures ADGM approval:

Bank of Palestine expands into Abu Dhabi: Bank of Palestine received in-principle approval from ADGM’s Financial Services Regulatory Authority for a Category 1 banking license, according to a press release. The license will allow the bank to accept deposits and arrange investment agreements from ADGM when it is up and running in 2H 2026, as it seeks to scale its reach to the Palestinian diaspora. The bank tapped Linda Tarazi (LinkedIn) as chief executive of the new ADGM-based entity, and already has a representative office in the UAE through its DIFC office.