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Bahrain banks announce giant mergerThree 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 More… |
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Bahrain banks buy Turkish juice companyBahraini 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 More… |
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Bahrain banks buy Turkish juice companyBahraini 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 More… |
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Bahrain banks' liquidity healthyThe 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 More… |
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Moody's cuts Bahraini banks' ratingsMoody'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 More… |
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Banks pledge to stay in BahrainBahrain'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 More… |
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Bahrain says facing no liquidity crunchBahrain'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 More… |
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Bahrain banks deny call for protestThe 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 More… |
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Top Bahrain banks see surge in net profitsBahrain's largest banks - Ahli United Bank (AUB) and Arab Banking Corp (ABC) have posted higher quarterly profits as lower provisions against bad loans offset lower income. Net profit at AUB, the Gulf state's second-largest bank by assets, More… |
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Bahraini banks' profit seen hit by Dubai woesProfit at Bahraini banks will likely be affected by Dubai's debt woes due to provisions booked on their exposure and hits on their investment portfolios, an analyst and a banking executive said on Tuesday. Dubai said More… |
