Further bank mergers in Bahrain could be on the way this year with Gulf Finance House (GFH) confirming it is studying options to merge its affiliate, Khaleeji Commercial Bank (KHCB), with other Bahraini banks. GFH, which has undergone a number of debt restructurings since 2009, currently owns 47 per cent of KHCB, which would be worth around $61.8 million at current market value.
“GFH is currently studying a number of options to merge Khaleeji Commercial Bank with other banks in Bahrain to create a bigger and stronger bank,” GFH said in a statement on the Bahrain Bourse website………………………………………..Full Article: Source