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Bahraini banks post $873m nine-month profitsBahrain's seven local retail banks listed on the Bahrain Stock Exchange posted a net profit of $ 873 million in the first nine months of 2018, 14 per cent increase over the same period last year, the Bahrain Association of Banks (BAB) said. More… |
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IT solutions ‘can solve compliance issues for banks’Companies in the banking and finance sector in Bahrain can solve compliance challenges with information management technology solutions, said an industry expert. Whether they work in banking, insurance or capital markets, More… |
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Complaints against Bahrain banks up 35pcA 35 per cent increase in customer complaints against banks has been witnessed in Bahrain over the past three years, reported the Gulf Daily News, our sister publication. To read further, please visit More… |
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Bahrain's banks lead region in customer trustBanks in Bahrain lead their peers in the region in earning trust of their customers, according to new research by SunGard, a software and technology services firm. The research surveyed more than 1,000 consumers in 10 countries ac More… |
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Prepaid card market set for expansion in BahrainThe prepaid card market, fuelled by a preference for Islamic banking, is growing rapidly in Bahrain, a report said, adding that it is expected to see a compounded annual growth rate of 17.27 per cent by 2017. Domestic card More… |
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Bahrain banks announce giant mergerThree leading Bahrain-based Islamic banks Capivest, Elaf Bank and Capital Management House have won approval from its shareholders to create a banking giant which will have shareholders’ equity of almost $350 million and assets in e More… |
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Bahrain banks buy Turkish juice companyBahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and More… |
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Bahrain banks buy Turkish juice companyBahraini banks Venture Capital and Bank Alkhair (formerly Unicorn Investment Bank) have joined hands to acquire 65 per cent of Goknur Foods Import Export Trading and Production Company, a key producer of fruit juice concentrate and More… |
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Bahrain banks' liquidity healthyThe Bahrain bank's liquidity, which ranges between $7 billion and $8 billion, should be directed to boost the Kingdom's economy, said a senior banking official. The government can rely on banking and private sectors to in More… |
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Moody's cuts Bahraini banks' ratingsMoody's Investors Service has downgraded the long-term deposit ratings of three Bahraini banks - BBK, BMI and the National Bank of Bahrain (NBB) - to negative. These rating actions are driven by: the deterioration in the banks' ope More… |
