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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bahrain’s GFH posts $607 mln loss in Q4

Posted on 15 February 2010

From Reuters: Bahrain’s Gulf Finance House posted on Sunday a $607 million fourth-quarter loss as the bank cleaned the legacy of a regional real estate crash from its books as expected.

The Islamic investment house posted a full-year net loss of $728 million, compared to a $292 million net profit during the previous year. It had posted an $11 million loss during the fourth quarter of 2008…………………………………Full Article: Source

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