Monday 21 April 2014
 
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Taib bank

Taib Bank narrows Q3 net loss

Bahrain-based Taib bank has reported a significant improvement in its core business with a narrower third-quarter net loss of $2.7 million compared to $8.5 million last year. Announcing the results for the nine month period, Taib said its

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Taib Bank appoints new directors

Taib Bank has announced the appointment of three new non-executive directors representing the interests of its majority shareholder, Dubai Financial Group, which is a part of Dubai Holding. The Taib Bank management team, lead by Sohail Sul

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New system advances breast cancer detection

A fully automated, non-invasive method has been unveiled which helps determine the risk of breast cancer in women as early as seven years before its full-blown infection. Approved by the US Food and Drug Administration (FDA), the Halo appa

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TAIB Bank names securities GM

Leading Bahrain-based TAIB Bank has appointed Khaldoon Bin Latif as general manager of TAIB Securities as part of its restructuring strategy. Before joining TAIB, Bin Latif was head of the International equity sales desk at AKD Securities,

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TAIB Bank appoints new board

Bahrain-based TAIB Bank has appointed a new board during the recently held shareholder general meeting. Under its new CEO, Sohail Sultan and his management team, significant progress has been made over the last eight months with the bank’s

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TAIB Bank's new management team approved

TAIB Bank announced that its management team, appointed in December 2010 to begin a significant restructuring of the bank, has been officially approved by the Central Bank of Bahrain. Sohail Sultan, TAIB’s new chief executive officer, has

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Fitch lowers TAIB Bank ratings

Fitch Ratings has revised TAIB Bank's Long-term Issuer Default Rating to B- from B+ and its Individual Rating to D/E from D. Its Short-term IDR of B and Support Rating of 5 have been affirmed. The outlook is stable. Fitch has simultane

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Fitch downgrades TAIB Bank

Fitch Ratings has downgraded Bahrain's TAIB Bank, whose main shareholder is Dubai Holding, owned by the Ruler, citing concerns over the likelihood of financial support for the lender. 'Given the ongoing problems in Dubai government

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TAIB Bank sees solid growth this year

Bahrain-based TAIB Bank predicted it would excel this year after posting a $65 million net loss last year. The bank, which earned $15 million in 2007, attributed last year's downturn to the global financial crisis. Bank's l

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Taib Bank acquires Turkish firm

Taib Bank, private bank based in Bahrain, has made an important strategic acquisition in Turkey, one of its key focus markets. Taib Yatirim, the brokerage subsidiary of Taib's Istanbul-based unit, has completed the acquisition of PDF

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