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Gulf Finance House mulls merging KCB with Bahraini lenders
- Bahrain: Monday, January 28 - 2013 at 05:15
Bahrain-based investment bank Gulf Finance House (GFH) has said it considering options to merge its affiliate, Khaleeji Commercial Bank (KCB), with other Bahraini banks, Reuters has reported. GFH, which has undergone a number of debt restructurings since 2009, currently owns 47% of KCB, which would be worth around BD23.3m ($61.8m) 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, without saying which Bahraini banks it was considering as merger partners.
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