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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bahrain’s Ithmaar delays bank merger plan

Posted on 09 March 2009

From Arabianbusiness.com: Bahrain-based Islamic lender Ithmaar has put the planned merger of its unit Shamil Bank with partly owned retail bank BBK on hold due to market uncertainty.

Ithmaar said in a statement its board had “reviewed its 2009 strategy in light of the ongoing financial uncertainty” and would put the planned merger on hold, without providing further details….. Full Article: Source

 
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