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Ithmaar Bank sells 2.47 per cent of BBK stake to Global Investment House

their stake in BBK as part of their continued st Ithmaar Bank, a Bahrain-based ... to rebalance their stake in BBK as part of their continued strategic cooperation as major shareholders. Ithmaar Bank has announced that it has sold 20 million shares representing 2.47 per cent of BBK’s issued ...

14/08/2010 - 18:56 - comment 0

Intention to increase Ithmaar stake in BBK

to increase its stake in BBK (formerly known Ithmaar Bank, in a statement released ... by offering to increase its stake in BBK (formerly known as Bank of Bahrain and Kuwait). The consideration to be paid for the increased stake in BBK is through a share swap arrangement where by BBK will issue ...

14/08/2010 - 18:31 - comment 0

Bahrain: Ithmaar postpones Shamil-BBK share swap plans

between Shamil Bank of Bahrain, a wholly owned subsidiary, and BBK (formerly known as Bank of Bahrain ... announced its intention to increase its stake in BBK through a share swap arrangement, with BBK issuing ... to be finalised by the boards of Ithmaar and BBK before they were presented for approval to the shareholders ...

14/08/2010 - 18:26 - comment 0

Bahrain: Moody's changes outlook of NBB and BBK to negative

("NBB") and BBK B.S.C ("BBK" -- formerly Bank of Bahrain and Kuwait BSC). The banks' other ... on Bahrain's A2 foreign currency deposit ceiling to negative from stable on 6 January 2009. NBB and BBK both ... by the country's foreign currency deposit ceiling.   Moody's previous rating action on NBB and BBK ...

14/08/2010 - 18:30 - comment 0

BBK selects SunGard's Quantum for treasury operations

of Bahrain & Kuwait (BBK) has selected Quantum to manage its back-office treasury operations. BBK ... announced that the Bank of Bahrain & Kuwait (BBK) has selected Quantum to manage its back-office treasury operations. BBK trades money markets, FX swaps and outrights, and derivatives, including fixed ...

15/08/2010 - 13:05 - comment 0

BBK launches ‘Capinnova Investment Bank’ – Its Shari’a compliant investment banking arm

BBK has announced the launch of ‘Capinnova Investment ... BBK launches ‘Capinnova Investment Bank’ – Its Shari’a compliant investment banking arm Bank’s core business lines are Private Equity, Asset Management and Corporate Finance BBK has announced ...

16/05/2010 - 17:13 - comment 1

BBK to invests $200 million in Bahrain state-ventures

The Manama-based Bank of Bahrain and Kuwait (BBK ... and Kuwait (BBK) recently announced plans to invest up to $200 million in Bahraini state projects this year. BBK has no plans to seek loans to finance these ventures. "At present, we don't have any ...

15/08/2010 - 13:25 - comment 0

BBK reports 27 percent net profits rise in 1H02

The Manama-based Bank of Bahrain and Kuwait (BBK ... and Kuwait (BBK) recorded a 27 percent increase in net profits in the first half of 2002. The bank’s profits ... percent increase in other income and a 10 percent increase in BBK’s core business with net interest income ...

15/08/2010 - 13:11 - comment 0

BBK launches two new investment products

The Bank of Bahrain and Kuwait (BBK) has launched two ... (BBK) has launched two new products—the Premier FD and the Pre-i FD. The Premier FD is a US-dollar ...   The LIBOR-based rate is adjusted every six months so BBK customers do not miss-out ...

15/08/2010 - 13:11 - comment 0

Is Bahrain on the brink? Manama facing 'budget deficit, inflation challenges'

a rising inflation rate are key challenges facing Bahrain, a leading banker has warned.According to BBK ... future growth trajectory," said Murad.The BBk chief said despite some improvements to the economic ... and pressure on the bottom line."Much will depend on government investment and BBK is prepared to do its ...

13/03/2014 - 10:26 - comment 0