Friday 6 May 2016
 
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Bahrain Islamic

Al Baraka Banking Group Q3 profit rises 4pc

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

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NBB plans to acquire Bahrain Islamic Bank

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

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CBB warns Bahrain Islamic Bank

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

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