Capinnova is back in the black
Capinnova Investment Bank went back into the black last year. The bank had a net profit of $86,000 for the fourth quarter compared with a net loss of $2 million for the same period in 2010.
Chairman Abdul Kareem Bucheery noted that they will continue to capitalise on these opportunities in 2012 and the following years by introducing good Islamic banking products that meet our investors requirements and expectations. He added that Islamic banking industry in Bahrain is one of the important sectors with an array of opportunities that are yet to be exploited.