Sunday 24 March 2019
 
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Bahrain banks

Bahraini banks post $873m nine-month profits

Bahrain's seven local retail banks listed on the Bahrain Stock Exchange posted a net profit of $ 873 million in the first nine months of 2018, 14 per cent increase over the same period last year, the Bahrain Association of Banks (BAB) said.

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IT solutions ‘can solve compliance issues for banks’

Companies in the banking and finance sector in Bahrain can solve compliance challenges with information management technology solutions, said an industry expert. Whether they work in banking, insurance or capital markets,

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Complaints against Bahrain banks up 35pc

A 35 per cent increase in customer complaints against banks has been witnessed in Bahrain over the past three years, reported the Gulf Daily News, our sister publication. To read further, please visit

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Bahrain's banks lead region in customer trust

Banks in Bahrain lead their peers in the region in earning trust of their customers, according to new research by SunGard, a software and technology services firm. The research surveyed more than 1,000 consumers in 10 countries ac

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Prepaid card market set for expansion in Bahrain

The prepaid card market, fuelled by a preference for Islamic banking, is growing rapidly in Bahrain, a report said, adding that it is expected to see a compounded annual growth rate of 17.27 per cent by 2017. Domestic card

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Bahrain banks announce giant merger

Three leading Bahrain-based Islamic banks Capivest, Elaf Bank and Capital Management House have won approval from its shareholders to create a banking giant which will have shareholders’ equity of almost $350 million and assets in e

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Bahrain banks buy Turkish juice company

Bahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and 

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Bahrain banks buy Turkish juice company

Bahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and 

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Bahrain banks' liquidity healthy

The Bahrain bank's liquidity, which ranges between $7 billion and $8 billion, should be directed to boost the Kingdom's economy, said a senior banking official. The government can rely on banking and private sectors to in

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Moody's cuts Bahraini banks' ratings

Moody's Investors Service has downgraded the long-term deposit ratings of three Bahraini banks - BBK, BMI and the National Bank of Bahrain (NBB) - to negative. These rating actions are driven by: the deterioration in the banks' ope

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