Sunday 19 May 2013
 
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GCC firms 'can open Bahrain branches'

Bahrain’s Shura Council has approved the bill that allows companies owned by GCC nationals to open branches in the kingdom in a move to help develop businesses and diversify sources of income. Under the bill, GCC companies w

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RBS tries to find fresh suitors for branch network

Royal Bank of Scotland has sent sales documents to prospective buyers of the branches it is being forced to sell, in the hope it can draw up a shortlist next month, sources said. Information was despatched this week to trade buyer

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StanChart guarantees 8-minute teller service

Standard Chartered recently introduced a new service across six of its branches in the UAE that guarantees teller service within an eight minute time frame. The ‘8-minute teller service guarantee’ will be rolled out to

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Al Baraka net income jumps 10pc to $183m

Leading Bahrain-based Islamic bank, Al Baraka Banking Group, achieved a net income of $183 million in the first nine months of the year, an increase of 10 per cent on the first nine months of last year. The continued expansion in

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KHCB plans 3 new branches in Bahrain

Bahrain-based Khaleeji Commercial Bank (KHCB), a major Islamic retail bank, will open two fully operational branches in the kingdom shortly, with plans for a third to be announced soon. “KHCB’s increased presence across Bahrain emphasizes

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Al Baraka sees 50 more branches in 2012

Al Baraka Banking Group will pursue its growth strategy up to 2016 and expect to open a further 50 branches this year as it continues to expand, said the bank’s president and chief executive Adnan Ahmed Yousif said 2012 had started well, s

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Bahrain to allow Gulf firms to open branches

Bahrain’s Cabinet yesterday (March 18) asked authorities concerned to draw up a draft law which allows companies owned by Gulf nationals to open branches in Bahrain. This is in line with a landmark decision taken at the 2010 GCC summit in

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Emirates Money to open new branches

Emirates Money, a consumer finance company and wholly owned subsidiary of Emirates NBD Group, will double its branch network in the UAE, with three new branches in Dubai in 2012. The announcement follows approval from the UAE Central Bank

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BMI Bank opens two new branches

BMI Bank has expanded its local retail branch network with the launch of two new full-service branches, at Airport Avenue in Muharraq and Bahrain World Trade Centre (BWTC). The branch at Airport Avenue was officially inaugurated by Central

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StanChart, HSBC reopen some Bahrain branches

Standard Chartered and HSBC Holdings said they had reopened some branches in Bahrain on Thursday, a day after a crackdown on protests in the country. StanChart closed its seven branches in Bahrain on Wedensday and HSBC closed its four bran

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