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UAE Exchange ties up with BisB for ATMsUAE Exchange, the remittance and foreign exchange brand, has entered into a strategic alliance with Bahrain Islamic Bank (BisB) under which all its branches will have the bank's ATMs installed on premises. In the first phase, More… |
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Bahrain Islamic Bank swings to $10m profitBahrain Islamic Bank (BisB) said it has swung to a net profit of BD3.8 million ($10.1 million) during the first nine months of the year from a net loss of BD20.8 million during the same period last year. A statement by the bank sa More… |
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Bahrain Islamic posts $6.4m net profit in H1Bahrain Islamic Bank has reported a net profit of BD2.4 million ($6.36m) for the first half of the year, after deducting BD5.7 million as provisioning. This compares with a net loss of BD15.8 million for the same period last year, More… |
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Bahrain Islamic elects new boardBahrain Islamic Bank, a leading Islamic lender in the Kingdom, has elected a new board of directors under the chairmanship of Abdul Razak Al Qassim. Khalid Mohammed Al Mannai has been named the new vice chairman of the bank, said More… |
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Bahrain Islamic Bank names new chairmanBahrain Islamic Bank (BisB) has appointed Abdul Razak Al Qassim as its new chairman in the place of Khalid Al Bassam. The announcement follows approval of the decision by the board during a meeting. It was announced that Al Bassam More… |
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BisB eyes growth after stake buy by NBBBahrain Islamic Bank (BisB) is looking towards rebounding to profitability and growth in a short time, following the strategic stake acquisition by National Bank of Bahrain and Social Insurance Organisation (SIO), a senior official said. More… |
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NBB, insurance firm to buy major stake in BiSBNational Bank of Bahrain (NBB) and Social Insurance Organisation Asset Management Company (SIOAM) have announced that they were taking a controlling stake in Bahrain Islamic Bank (BisB). The two financial institutions said they ha More… |
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Al Salam in merger talks with regional bankBahrain's Al Salam Bank said on Wednesday it was in merger talks with an unnamed regional bank, almost a year after a tie-up with Bahrain Islamic Bank collapsed. More… |
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Tamkeen increases scheme value by $26mTamkeen and Bahrain Islamic Bank have signed an agreement to increase the enterprises financing portfolio by BD10 million ($26.53 million) as part of the Enterprise Financing Scheme, which Tamkeen offers in partnership with various banks in the More… |
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NBB-SIO eye stake in Bahrain Islamic BankThe National Bank of Bahrain (NBB) and Social Insurance Organisation (SIO) are in preliminary discussions with the Kuwait-based Investment Dar Company (TID) to acquire a key stake in Bahrain Islamic Bank (BisB), said a report. Suc More… |
