Saturday 28 March 2015
 
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retail bank

GIB launches region's first online-only retail bank

Gulf International Bank (GIB) has launched the Middle East's first online-only consumer banking business, seeking to diversify after almost collapsing during the global financial crisis and to tap into a young, tech-savvy population.

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BMI 9-month profit surges 141pc

Bahraini retail and commercial bank BMI has reported a net profit of BD0.88 million ($2.34 million) for the first nine months, up 141 per cent  compared to a net profit of $1 million last year. The bank recorded a net profit

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Ithmaar chief named top Islamic Banker

Mohammed 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

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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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Ithmaar swings to Q1 net loss

Bahrain-based Islamic retail bank Ithmaar registered a net loss of $500,000 in the first quarter compared to a net profit of $4.8 million in the same period last year mainly due to prudent impairment provisions. Announcing the results on S

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Ithmaar Bank backs major Sharia forum

Ithmaar Bank, a Bahrain-based retail bank, has once again extended its support for a major Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI) event in Bahrain. Ithmaar, a long-time AAOIFI supporter, is the plat

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Bahrain’s domestic credit up 15.9pc in March

Bahrain’s total domestic credit grew 15.9 per cent to BD6.586 billion ($17.45 billion) at end-March this year, compared to the same period last year, the kingdom's central bank said. Total outstanding loans at Bahrain

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Bahrain loan, credit volumes up 13.5pc

The volume of loans and credit facilities granted by retail banks to different economic sectors grew by 13.5 per cent to top BD6.4 billion ($16.9 billion) last year, up from BD5.7 billion in 2010. Loans and credit facilities awarded to the

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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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BMI announces key appointment

Bahrain-based retail and commercial banking institution BMI Bank has appointed Yacoub Yousif Ahmed Abdulla as the new head of operations. Reporting to the general manager - support services, Abdulla will be responsible for managing th

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