Monday 14 July 2014
 
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Bahrain banks

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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Banks pledge to stay in Bahrain

Bahrain's standing as a top financial hub has been given the seal of approval by global and national banking chiefs who pledged to stay in the Kingdom since "Bahrain was where they belonged and where they would do business." 'No-on

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Bahrain says facing no liquidity crunch

Bahrain's banking industry is facing no liquidity problems and is indeed possibly stronger now than at any time in the last decade. That was the message from Bahrain Association of Banks (BAB) chairman and BBK chief executive Abdulkari

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Bahrain banks deny call for protest

The Bahrain Association of Banks (BAB) has denied rumours that it had called for protests. "There were rumours and an article was published in Arabic Press that the association has called for organised protests,” the BAB said in

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