Saturday 19 April 2014
 
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Bahrain Middle East

Bahrain Middle East Bank clears $17m debt

Bahrain Middle East Bank (BMB) has announced the full repayment of a $17.4 million legacy debt obligation - together with interest - as inherited by the present management who took charge of the institution's affairs in early 2009.

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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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