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
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
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.
BBK Brokerage Services, a division of BBK, has announced it successfully executed one of the largest trades on Bahrain Bourse.
BBK Brokerage Services represented its institutional client in the selling side for the total of 484,07
National Bank of Bahrain (NBB) and SIO Asset Management Company (SIOAM) have completed the purchase of The Investment Dar's and associated companies' shareholding of 51.6 per cent in Bahrain Islamic Bank (BisB).
Bahrain Islamic Bank (BisB) is looking towards rebounding to profitability and growth in a short time, following the strategic stake acquisition by National Bank of Bahrain and Social Insurance Organisation (SIO), a senior official said.
Bahrain labour fund Tamkeen said it has sealed an agreement with Bahrain Islamic Bank (BiSB) under which it will add BD10 million ($26.5 million) to its enterprise financing scheme.
The finance scheme is being offered by Tamkeen
Bahrain's central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks' capital bases, a senior official said on Sunday.
Under the plan, Al Salam Bank would merge with Bahrain Islamic Bank,
Bahrain Islamic Bank and Al Salam Bank have named KPMG Fakhro as advisor after receiving approval from the central bank for their planned merger, Al Salam Bank said in a statement on the Bahrain bourse late Tuesday.
The two banks said they
Bahrain Islamic Bank (BisB) managed a powerful turnaround in the first half of the year posting a net profit of BD3.2 million ($8.5 million) against a loss of BD5.7 million in the first half of 2011.
The bank registered a net profit of BD1