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Bahrain BMI chief executive steps downBMI Bank, a subsidiary of Al Salam Bank – Bahrain (ASBB), has announced that its director and chief executive officer Jamal Al-Hazeem has stepped down from his role for personal reasons. Al Hazeem, a veteran Bahraini banker More… |
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BMI posts $8m H1 loss after merger expenseBMI Bank, a subsidiary of Al Salam Bank Bahrain, has reported a loss after provisions of BD3.1 million ($8.1 million) for the first half ended June 30, as against a net profit of BD540,000 for the same period last year. This was d More… |
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Father-of-three wins villa in Ayadi drawMohamed Jaafar Al Hammadi, a sales manager at Mondial Car Center in Bahrain, has won a three-bedroom Diyar Homes Villa in BMI Bank’s Ayadi Savings Scheme’s May grand draw. Al Hammadi, a father of three, admitted he had More… |
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Al Salam, BMI ink deal with Omani bankAl Salam Bank Bahrain (ASBB) and BMI Bank have signed a MoU with Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat. As part of the MoU, the banks have collectively agreed to pool expertise, technologies and resource More… |
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BMI announces savings scheme expansionBahraini retail and commercial lender BMI Bank has announced that its Ayadi savings scheme has become bigger with the addition of more features and benefits. This year Ayadi's prize pool has been expanded to more than $1.9 mil More… |
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BMI Bank pays off $80m loan 6 months earlyBMI Bank, a Bahraini retail and commercial banking institution, announced that it had successfully repaid its three-year syndicated term loan of $80 million, six months ahead of its scheduled due date. The three-year oversubscribe More… |
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BMI Bank's net profit soars 88pc in H1Bahraini retail and commercial banking institution BMI Bank yesterday reported a net profit of $1.4 million for the first half of the year as against a net profit of $700,000 during h1 2012, marking an increase of 88 per cent. Thi More… |
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BMI Bank-Al Salam boards back mergerThe boards of BMI Bank and Al Salam Bank Bahrain have reached an in-principle agreement to proceed with discussions for a merger, which will create the third largest bank in the kingdom, said a joint statement by the banks. BMI Ba More… |
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BMI Bank rolls out co-branded credit cardBahrain-based BMI Bank has announced the launch of its second co-branded credit card product in partnership with Diners Club. Customers who pay for purchases with the card stand an opportunity to win cash prizes on the bank’ More… |
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BMI to support Bahrain Euromoney eventBahraini retail and commercial banking institution, BMI Bank, has announced its support towards the 2013 Euromoney Bahrain Conference as a strategic sponsor. The conference, organised by Euromoney in partnership with the Bahrain E More… |
