Three Islamic banks in Bahrain plan merger

Posted by on Jul 8th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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 win larger projects while benefiting from a more diverse balance sheet. Kuwait Finance House advised the lenders on the merger. The deal must still be approved by Bahrain's central bank and the Ministry of Industry and Commerce.

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