Bahrain’s Al Salam Bank says in merger talks

Bahrain's Al Salam Bank confirmed media reports related to a potential merger with an unnamed regional bank. One potential merger prospect is Khaleeji Commercial Bank , after Gulf Finance House, which owns 47 percent of the lender, said last week it was studying tie-up options with other Bahraini banks. In February, merger talks between Bahrain Islamic Bank and Al Salam Bank collapsed due to disagreement on valuation.

You may also like...