Bahrain-based Ithmaar Bank has announced that it has formally concluded a merger with one of its associates, First Leasing Bank (FLB).
The announcement follows the final approval from the Central Bank of Bahrain (CBB) and Industry
Bahrain-based Islamic retail bank Ithmaar has announced plans to merge with one of its associates First Leasing Bank (FLB) after the bank got approval from its shareholders.
Announcing this on Sunday, Ithmaar Bank board member Kha
Ithmaar Bank, a Bahrain-based Islamic retail bank, has announced that negotiations on a proposed merger with one of its Bahrain-based associates, First Leasing Bank (FLB), had reached an advanced stage.
Ithmaar Bank chief executive offi
Bahrain-based First Leasing Bank (FLB) said it has made a net profit of $3 million last year and added that its operating income surged to $9.5 million, up from $7.1 million in 2007.
The bank's income from financing activities grew to $8.4
Bahrain-based First Leasing Bank has signed a $23 million agreement to finance lease medical equipment for Al Seif Hospital in Kuwait.
Al Seif Hospital, which is set to open in the third quarter of this year, will be one of the country's
First Leasing Bank (FLB), established to pioneer the business of equipment leasing in the GCC, has recorded a net profit of $4.5 million for the year ended December 31, 2007.
The bank’s net portfolio, representing originated leases and inv
First Leasing Bank (FLB) has agreed to become the strategic Equipment Leasing Partner for the Gulf Industry Fair to be held in Bahrain from January 15 -17.
The event is being organised by Hilal Conferences and Exhibitions (HCE) at the Bah
First Leasing Bank (FLB) announced the appointment of Jassim Awadh as business development director.
The new official will be responsible for pursuing the bank’s aggressive expansion strategy.
First Leasing Bank is pioneering the