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Ithmaar Bank

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Bahrain: BBK in Talks to Acquire Ithmaar Bank
August 27th, 2020 - 06:30 GMT

Bahrain: BBK in Talks to Acquire Ithmaar Bank

Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain, and Ithmaar Holding, the parent of Ithmaar Bank, which operates the largest Islamic retail banking network in Bahrain, have entered into initial talks on a potential acquisition by BBK of Bahrain operations of Ithmaar Bank. The acquisition will includes specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar Holding, said an Ithmaar statement. The plans ...
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