Standard Chartered Bank and Bahrain-based BMB Investment Bank have entered into a multi-country clearing and cash management agreement, said a report.
The main objective of the agreement is to implement a market leading host-to-ho
Fitch Ratings has affirmed Bahrain-based BMB Investment Bank's Long-term Issuer Default Rating (IDR) at 'B-' and revised the outlook to positive from stable. It also confirmed the Viability Rating (VR) at 'b-'.
BMB Investment Bank, a Bahrain-based bank said Fitch Ratings has affirmed the bank's Long-term Issuer Default (IDR) 'B-' with stable outlook, Short-term IDR 'B', Individual 'D/E', Support '5' and Support Ra
Restructuring and re-engineering at BMB Investment Bank has resulted in major strides towards the bank's new vision, a bank spokesman has said.
While the global financial markets meltdown continues to impact financial institutions acro
BMB Investment Bank, a premier Gulf-based investment bank, said it has posted a first quarter loss of $5.7 million when compared to a profit of $4.4 million in the first quarter of last year.
Since the end of the first quarter of the
BMB Investment Bank has begun the year with a strong balance sheet and a sound capital position, in spite of going into the red last year.
The bank posted an annual loss of $14.3 million as compared to a profit of $24.6 million in 2007. Th
BMB Investment Bank announced today the resignation of Albert Kittaneh, its chief executive for the past sixteen years, effective February 15, 2009.
While Kittaneh is leaving BMB to pursue personal interests, he has agreed to remain adviso
BMB Investment Bank (BMB) reported first half net income of $4.2 million as compared to $12.8 million for the same period last year.
Second quarter total income from operations was $2.2 million but it was offset by operating expenses resul
Bahrain-based BMB Investment Bank (BMB) has registered a 233 per cent rise inhalf-yearly income.
Net income rose to $12.8 million from $3.8 million for the corresponding period last year.
The bank’s operating income before expenses