Ahli United Bank, Bahrain's largest lender, received a request from the International Finance Corporation (IFC) to convert subordinated debt to shares in the bank, it said in a statement on Sunday.
The bank did not disclose ho
Ahli United Bank (AUB) has reported a net profit of $262.5 million for the half year ended June 30.
This reflected an increase of 38.1 per cent over the core net profit of $190.1 million achieved in H1/2013, a statement said.
Ahli United Bank (AUB) has announced the reopening of its Sanabis branch, resuming full banking services to its large base of retail and commercial customers in the area and beyond.
The branch reopened following a complete renovat
Ahli United Bank (AUB) , Bahrain's largest lender, is evaluating a sale or a merger with a strategic peer in a possible $5 billion deal, several bankers familiar with the situation said.
After previous sale attempts to a bank
Bahrain-based insurance company Legal & General Gulf has reported its first-ever annual profit for last year.
Incorporated in 2009, the company is a 50:50 joint-venture between Legal & General Group of the UK and Bahrain-b
Bahrain-based Ahli United Bank (AUB) continues to seek opportunities to develop its banking franchise in the region through acquisitions and expansion of its existing network, said its chairman.
Fahad Al Rajaan told the Gulf Daily
Bahrain-based Ahli United Bank (AUB) has reported a a record net profit of $579.4 million for 2013, up 72.6 per cent when compared to $335.7 million the year before.
This included an exceptional non-recurring gain of $212.9 millio
Ahli United Bank (AUB) has teamed up with Jones Lang LaSalle (JLL) to source and identify residential and commercial properties in London to suit the requirements of local and regional clients across its network, said a report.
Bahrain-based lender BBK said Fitch Ratings has upgraded its long-term issuer default rating (LT IDR) to 'BBB' (with a 'stable' outlook) from 'BBB-', and has also revised its support rating floor (SRF) to 'BBB' fr
Bahrain-based Ahli United Bank (AUB) is looking for acquisitions in its existing markets and in new ones as it tries to build a network across the Middle East, its chief executive said.
Its desire to expand across borders reflects