Bahrain Middle East Bank (BMB) yesterday announced the full repayment of a $13 million debt obligation - including interest of $1.4 million.
The loan was originally obtained by the bank during 2003/2004 and later rescheduled by th
Bahrain Middle East Bank (BMB) said it has distributed $1.46 million to its investors across various investment holdings for the quarter ending December 31, 2012 despite challenging and unfavourable market conditions.
With this, t
Bahrain Middle East Bank (BMB) has reported a 61 per cent growth in its net income for the first nine months which reached $1.8 million compared to $1.1 million last year.
Announcing the results, the Bahraini bank said its total i
Bahrain Middle East Bank (BMB) said it has registered a two-fold growth in its first quarter net income which hit $1.7 million compared to $0.9 million during the same period last year.
Announcing the results, the Bahrain-based bank s
Bahrain Middle East Bank saw income from new business initiatives grow by nearly two-fold to reach $5.7 million last year compared to $3 million in 2010.
Operating costs continued to show consistent efficiency improvements, amounting to $6
Bahrain Middle East Bank (BMB) has announced distribution of $600,000 to its private equity fund investors for the quarter ending December 2011.
This takes the aggregate distributed over the preceding five quarters to $12.2 million.
Hong Kong-based alternative asset management firm, Orion Partners, has entered into partnership with Bahrain Middle East Bank (BMB), to act as its sponsor for its new China-focused private equity fund to be formed in collaboration with Orion.
Bahrain Middle East Bank (BMB), a leading bank in the region, said it has distributed bonus worth $0.5 million to its investors for the third quarter despite the global market turmoil.
This takes the aggregate distributed over the pr
Bahrain Middle East Bank (BMB) has recorded an income of $6 million in the first half of 2011 against $2.4 million in the same period last year, marking a 150 per cent increase. The bank is continuing its journey to position itself as
Bahrain Middle East Bank (BMB) has announced the distribution of $2.6 million to its investors for the second quarter of the year, taking the total distribution for 2011 so far to $5.8 million.
'The distribution marks yet another step