Thursday 23 May 2013
 
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BMI

BMI net profit surges 125pc

Bahrain-based BMI Bank has reported a net profit of $900,000 for the first quarter of this year, an increase of 125 per cent as compared to a net profit of $400,000 over the corresponding period in 2012. This was mainly due to imp

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BMI launches new premier service

Bahraini retail and commercial banking institution BMI Bank has unveiled its premier service proposition, Prestige, catering to affluent individuals. Prestige was launched at a dinner held at the Capital Club and was attended by s

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BMI signs strategic deal with US firm

Bahrain retail bank BMI has signed a key agreement with EMC Corporation, aimed at helping it to transform its IT infrastructure and thus improve storage performance, simplify system management and reduce operational expenditure. U

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BMI Bank swings to $1.3m profit

Bahraini retail and commercial banking institution BMI Bank said it has posted its first annual profit in five years which hit  $1.3 million for 2012 compared with a net loss of $9 million in 2011. The bank's total income

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BMI posts fifth consecutive quarterly profit

Bahraini retail and commercial banking institution BMI Bank registered a net profit of $1 million for the first nine months, the lender's fifth quarterly profit in a row, as it showed signs of its strength in the kingdom. It a

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Curing diabetes via surgery, without weight loss

Cristina Iaboni had the dubious distinction of being not quite obese enough. For all the pounds on her 5'5' frame, she did not meet the criteria for bariatric surgery to help control her type-2 diabetes. Yet six years of medicatio

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BMI offers fresh range of loans

BMI Bank, a leading Bahraini retail and commercial banking institution, has announced the launch of a new range of loans. The bank is offering eligible customers the opportunity to receive the highest loan amount in the market at

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BMI inks service deal with CrediMax

Bahraini retail and commercial banking institution, BMI Bank said it has signed a strategic and exclusive service agreement with top credit card acquirer CrediMax to facilitate mass acceptance for its Diners Club card in the Kingdom. As pe

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British Airways beats Virgin to buy bmi

British Airways owner IAG  is to buy Lufthansa's UK unit bmi for 172.5 million pounds ($270 million) in cash, it announced on Thursday, seeing off rival bidder Virgin in the race to grab loss-making bmi's much coveted runway slots at

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Tamkeen, BMI extend finance scheme

Tamkeen and Bahrain retail banking institution BMI Bank have announced the extension of its successful Sharia-compliant financing scheme for enterprises within the local private sector to fulfil their financial needs at a competitive cost.

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