Gulf Finance House mulls merging KCB with Bahraini lenders
Complex Made Simple

Gulf Finance House mulls merging KCB with Bahraini lenders

Gulf Finance House mulls merging KCB with Bahraini lenders

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.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved