Tagged: Elaf Bank

Three Islamic banks in Bahrain plan merger

Three Islamic banks in Bahrain plan merger

The three Bahraini Islamic investment Banks Capivest, Elaf Bank and Capital Management House have agreed to merge in order to better compete in a fragmented market. The combination will create a bank with assets of $400 million which should be able to …

Bahraini Islamic banks in rare merger

Bahraini Islamic banks in rare merger

The three Bahraini Islamic banks Capivest, Elaf Bank and Capital Management House have completed their merging into a single entity with total assets worth over $400m and total equity of around $340m. Shareholders had given their approval to the tie-up…

KFH-Bahrain completes merger of three banks

KFH-Bahrain completes merger of three banks

The merger between three Islamic banks based in Bahrain – Elaf Bank, Capital Management House and Capivest – has been successfully closed by Kuwait Finance House-Bahrain (KFH-Bahrain). The merger will enable a strengthened financial institution with a …

Three Bahraini Islamic banks to merge by 2012-end

Three Bahraini Islamic banks to merge by 2012-end

The central bank of Bahrain has given its confirmation to the merge of Capivest, Elaf Bank and Capital Management House (CMH). The three Islamic lenders will merge into a $400m asset base and $350m shareholder equity entity will get underway before the…

Elaf Bank wins license for Malaysia branch

Elaf Bank wins license for Malaysia branch

Elaf Bank has been given a license by the Ministry of Finance Malaysia to open a branch office in Malaysia. The license was handed during a formal ceremony held at Bank Negara Malaysia.
The bank wants to start its branch office operations in Kuala Lump…