Friday 1 August 2014
 
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Bahraini Saudi Bank

Banks introduce 3D-secure services

Bahraini Saudi and Al Salam Bank Bahrain, Al Salam Group, have joined hands with leading electronic payment processor of the region, AFS, to introduce 3D-secure services for its credit card holders. Under this agreement, cardholders will h

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Bahrain banks launch new finance product

The Bahraini Saudi Bank and Al Salam Bank-Bahrain have launched a new Murabaha-based personal finance product that meets liquidity requirements of individuals. The new Shari’a-compliant product Tayseer is a flexible financing product that

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Firm appointed BFX member

The Bahrain Financial Exchange (BFX) has appointed Arab Global Findex as a trading and clearing member. Arab Global Findex belongs to Gogia Capital Group and Sugandh Group, who have a presence in India, Singapore, Mauritius and Dubai.

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Bahraini Saudi Bank Q1 net surges 52pc

Bahraini Saudi Bank, a subsidiary of Al Salam Bank-Bahrain, announced that its net profit for the first quarter jumped 52 per cent to $1.1 million from $0.7 million for similar period in 2010. 'We are pleased to announce that since the

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Bahraini Saudi Bank opens new branch

Bahraini Saudi Bank has announced the opening of its Al Hamala branch in Bahrain. Situated at the heart of an active commercial area, the new branch enjoys a strategic location with close proximity to a large population of Bahraini Saudi c

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Bahraini Saudi Bank opens new branch

Bahraini Saudi has announced the opening of its Al Hamala branch. Situated at the heart of an active commercial area, the new branch enjoys a strategic location with close proximity to a large population of Bahraini Saudi customers.

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Sharia role for Bahraini Saudi

Bahraini Saudi Bank has rebranded itself as Bahraini Saudi as part of its transition to a fully Sharia-compliant Islamic bank. The move comes as a result of Al Salam Bank acquiring 90.31 per cent of its equity last year in a two-for-one sh

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Al Salam posts $12m profit in Q3

Al Salam Bank - Bahrain has announced a net profit of BD4.6 million ($12.1 million) in the third quarter. This was against BD7.4 million for the same period last year, a decline of 35 per cent owing to the bank's cautious approach to n

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Al Salam extends BSB takeover offer

Bahrain's Al Salam Bank has extended its takeover offer for Bahraini Saudi Bank to July 12 after buying 80.2 per cent of the bank in an offer that expired June 28, Al Salam said in a statement. Al Salam said on April 22 it offered to p

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Consolidation 'key to business growth'

Consolidation in the regional banking industry in necessary, according to Al Salam Bank chairman Mohammed Ali Alabbar. Speaking after Al Salam Bank shareholders had given the go ahead for the bank's BD27 million ($71.7 million) all sha

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