Wednesday January 9, 2013
Bahrain banks merger completed
KUALA LUMPUR: Kuwait Finance House-Bahrain (KFH-Bahrain) has announced the successful closing of the merger between three Bahrain-based Islamic banks Elaf Bank, Capital Management House and Capivest.
This created a strengthened financial institution with a total equity of about US$340mil and total assets in excess of US$400mil spanning the Middle East and North Africa, Europe and Asia, said Kuwait Finance House in a statement. — Bernama