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BMB back in black
- Bahrain: Thursday, April 14 - 2005 at 12:10
BMB Investment Bank has declared a return to profitability after reporting a profit of $0.6m for 2004, compared to a loss of $12.8m in 2003. The Bank is aiming to raise $75m in share capital which would result in its capital adequacy ratio being increased to almost 23%. An extraordinary general meeting is being called for May 3 to approve its proposed restructuring and rights issue.
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James McInerney, News EditorThursday, April 14 - 2005 at 12:10 UAE local time (GMT+4)
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