For immediate release					April 1, 2003


TAIB BANK E.C. INTRODUCES TRUST SERVICES


TAIB has announced the launch of their new Trusts Department that will advise and assist clients in establishing personal trusts and offshore investment holding companies. This new initiative augments TAIB Private Bank’s suite of personalized wealth management services. 


Mr. Iqbal Mamdani, Vice Chairman and CEO of TAIB Bank E.C. said: We have now added Trust services to our growing number of wealth management products offered by our Private Banking division. The Trust Department is designed to assist clients in the selection and creation of trusts that best suit their individual objectives and existing situations. Similarly, TAIB will also be able to advise clients in establishing offshore investment holding companies."

To head the new Trust Department, TAIB has appointed Mr. Stefan Cnoops, First Vice President. Commenting on the new offering, Mr. Cnoops stated: "Trusts are a long established form of safeguarding wealth. They are flexible and are generally created on behalf of specified beneficiaries such as individuals or families and serve a particular purpose. There are many different forms of trusts and a wide variety of jurisdictions where trusts can be formed. Complex laws surround most trusts and as such, expert advice is a pre-requisite in determining which is the most appropriate.  We are pleased that we can now offer this service to our clients."

TAIB Bank E.C., an international investment bank based in Bahrain and listed on the Bahrain Stock Exchange, conducts activities in the U.S., the U.K. and in the regional markets of the Gulf, Indian Sub-continent, Turkey and Central Asia. 


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