Al Baraka Banking Group , the Bahraini Islamic lender with operations in more than a dozen countries, posted a 4 per cent increase in third-quarter net income on Tuesday.
The bank, which has operations across the Middle East, Asia
The National Bank of Bahrain (NBB) is likely to acquire the loss-making Bahrain Islamic Bank (BisB) and give itself an Islamic finance arm, said a top official.
"We are in talks with BisB and we expect to make an announcement
Bahrain's central bank issued a formal warning to Bahrain Islamic Bank for not disclosing its quarterly net loss in a press release this month, it said in a letter to the bank published on Tuesday.
The central bank said it had ordered the