Saturday 23 May 2015
 
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BisB net profit rises 23pc to $7.9m

Bahrain Islamic Bank (BisB) has registered a net profit of BD3 million ($7.9 million) for the first quarter of this year, compared with BD2.5 million for the previous period, an increase of 23 per cent. Chairman Abdul Razak Al Qas

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BisB gives go-ahead for special purpose vehicle

The shareholders of Bahrain Islamic Bank (BisB) have approved the issuance of more than 9.3 million shares with a nominal value of 100 fils each which equals to BD939,673.5 ($2.4 million) to establish a special purpose vehicle (SPV).

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BisB's net profit surges 52pc to $24.6m

Bahrain Islamic Bank (BisB) has registered an increase of 52 per cent in net profit at BD9.3 million ($24.6 million) for the year ended December when compared with BD6.1 million for the previous year. The bank's net profit for

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BisB extends Visa partnership for 5 years

Bahrain Islamic Bank (BisB) has signed a strategic agreement with Visa, a global leader in electronic payments, to further enhance the bank's partnership with it for another five years. The agreement is part of the bank's

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BisB wins best Islamic bank in Bahrain award

Bahrain Islamic Bank (BisB) has won British publication International Finance Magazine's (IFM) Best Islamic Bank Award in Bahrain for 2014. During a ceremony held in London, BisB retail banking services general manager Abdul R

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BisB's net profit surges 74pc to $17m

Bahrain Islamic Bank's (BisB) net profit rose 74 per cent to BD6.6 million ($17.3 million) for the first nine months of this year, compared with BD3.8 million net profit in the same period last year. This was after deducting B

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Tamkeen-BisB sign enterprise financing deal

Bahrain’s labour fund Tamkeen and the Bahrain Islamic Bank (BisB) have signed an deal to increase their enterprise financing portfolio by BD10 million ($26.3 million) as part of the Enterprise Financing Scheme. Tamkeen is of

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Bahrain Islamic Bank net profit rises 67pc

Bahrain Islamic Bank (BisB) has realised an increase of 67 per cent in net profit at BD4 million ($10.6 million) for the first half of the current year when compared with BD2.4 million for the same period last year. This is after deduct

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Batelco, BisB ink tie-up to benefit youth

Batelco, a leading telecom operator in Bahrain, and BisB (Bahrain Islamic Bank) have signed a one year partnership to benefit the youth customers of both organisations. The agreement was signed by Batelco Consumer Division general

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Top Bahraini banks face possible downgrade

Moody's Investors Service said it has placed four Bahraini banks - National Bank of Bahrain (NBB), BBK, BMI Bank and Bahrain Islamic Bank (BIsB) - on review for possible downgrade of its deposit, issuer and senior debt ratings.

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