Bahrain Islamic Bank (BisB) is optimistic about its growth in the current year, said the bank's chairman.
"BisB met its planned objective to return to profitability last year," chairman Abdul Razak Al Qassim told sha
Bahrain Islamic Bank (BisB) has registered a net profit of BD6.1 million (15.7 million) last year when compared to a net loss of BD36.1 million in 2012.
The bank had registered a net profit of BD2.3 million in the last quarter of
UAE 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,
Bahrain 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
Bahrain 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,
Bahrain 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
Bahrain 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
Bahrain 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.
National 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