Monday 14 July 2014
 
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BMB

BMB distributes $.06m to investors

Bahrain Middle East Bank (BMB) said it has distributed more than half a million dollars to its private equity fund investors in the fourth quarter of 2011 despite a tough market environment globally. With this, the aggregate distributed by

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BMB first half income up 150pc, hits $6m

Bahrain Middle East Bank (BMB) has recorded an income of $6 million in the first half of 2011 against $2.4 million in the same period last year, marking a 150 per cent increase. The bank is continuing its journey to position itself as

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Sukuk sales 'may hit $46bn in 2011'

The global Islamic bond market could see issues of close to $46 billion in 2011 as investor confidence returns and new issuers emerge in the growing Islamic finance industry, BMB Islamic's chief executive said.     Wit

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BMB's net profit tops $4m for H1

Bahrain Middle East Bank (BMB) bounced back into the black in the first half of the year with a net profit of $4.1 million compared with a loss of $19.7 million in the first six months of 2009. Fair value reserves stood at $6 million, up f

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BMB appoints new CEO

BMB Investment Bank has appointed Akbar Ali Habib as the bank’s new chief executive officer. Habib, an Omani national, brings with him a wealth of banking and financial services experience. A business graduate from the US, Habib’

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BMB net income surges to $4.4m

BMB Investment Bank (BMB) earned a net income of $4.4 million in the first quarter of this year. It was 344.4 per cent up from $1 million in the first quarter of last year. This robust performance results from a 175.3 per cent increase in

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BMB to increase capital by $75m

BMB Investment Bank (BMB) has announced plans to increase its paid-up capital by $75 million which the bank plans to raise through a rights offering and private placement later this year.  At the ordinary general meeting held on Satu

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BMB set to repay $75m loan early

BMB Investment Bank will repay the outstanding balance of $28.5 million on its $75 million syndicated loan on Friday, four months ahead of schedule. The bank had to extend this loan when it faced a credit squeeze in 2002 but chief executiv

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BMB profit up 16.6pc to $24.6m

BMB Investment Bank (BMB) announced today a net profit of $24.6 million for 2007, an increase of 16.6 per cent over the previous year. The bank had achieved a net profit of $21.1 million in 2006. The bank’s Board of Directors is re

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BMB nine-month net rises 275pc

Bahrain-based BMB Investment Bank’s nine-month net income in 2007 rose 275 per cent to $16.2 million from $5.9 million made during the corresponding last year. Net income for the third quarter stood at $3.3 million as compared to $2 millio

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