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Ithmaar swings to $1.4m Q1 profitBahrain-based Ithmaar Bank said it has returned to the black with a net profit of BD540,000 ($1.4 million) for the first quarter compared to a loss of BD170,000 in the same period last year. The Islamic lender pointed out that its More… |
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Basel reserves rule 'to hit smaller banks'The international regulations demanding that banks increase their reserves over the next few years could see smaller institutions in the Middle East and across the developing world killed off, said Ithmaar Bank chairman Prince Amr Mohammed Al Fa More… |
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Ithmaar awards key Bahrain project contractIthmaar Development Company (IDC), a wholly owned subsidiary of Ithmaar Bank and a key developer and manager of major real estate projects in Bahrain, has awarded the infrastructure works for the first Phase of its Dilmunia pro More… |
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Ithmaar Bank narrows 2012 net lossIthmaar Bank, a Bahrain-based Islamic retail lender, said it has narrowed its net loss for the year ended December 31, 2012, to BD10.1 million ( $26.4 million) from a net loss of BD23.3 million the previous year mainly due to growth in its core More… |
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FLB chief welcomes Ithmaar mergerBahrain-based First Leasing Bank (FLB) said its recent merger with top Islamic retail lender Ithmaar Bank will give former FLB shareholders immediate access to liquidity. Welcoming the merger, F More… |
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Ithmaar backs Bahrain special needs athletesIthmaar Bank, a Bahrain-based Islamic retail bank, once again extended is support to Bahrain Disabled Sports Federation (BDSF), this time by sponsoring the upcoming GCC Wheelchair Basketball Championship. More… |
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Ithmaar chief named top Islamic BankerMohammed Bucheerei, the chief executive of Bahrain-based Islamic retail bank Ithmaar, was named the 2012 World Islamic Banking Conference (WIBC) Islamic Banker of the Year at a gala dinner at the Gulf Hotel in Manama. The WIBC Isl More… |
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Ithmaar, FLB get merger approvalBahrain-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 More… |
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SNC Lavalin wins Dilmunia power dealBahrain-based Ithmaar Development Company (IDC) has awarded the engineering consultancy services contract of the first 66kV primary substation on the Dilmunia Health Island to leading consultancy firm SNC Lavalin. More… |
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Ithmaar employees earn top awardsSix employees of Ithmaar Bank, a Bahrain-based Islamic retail bank, have passed an intensive programme to earn the designation of Certified Islamic Banker. The Certified Islamic Banker award is issued by the General Council for Islamic Ban More… |
