09.03.2009 - Bahrain's Ithmaar delays bank merger plan

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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