Bahrain Middle East Bank (BMB) said it has distributed more than half a million dollars to its private equity fund investors in the fourth quarter of 2011 despite a tough market environment globally.

With this, the aggregate distributed by BMB over the preceding five quarters has risen to $12.2 million.

Commenting on the move, BMB chief executive officer Akbar Habib said, 'It gives great sense of pride that - despite market turmoil - we have been able to consistently maintain quarterly distributions to investors since 2009.'

'This further demonstrates the success of the bank’s new strategy, its investment selection criteria and the diversification efforts that have all led to the attainment of the desired objectives,' noted Habib.

'This has been achieved by BMB amidst a challenging environment and notwithstanding its modest size and resources,' he added.-TradeArabia News Service