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Article: Bahrain power.(Brief Article)
- Article from:
- The Banker
- Article date:
- June 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Indira Chand in Manama reports on the domino effect of mergers and acquisitions that the banks are undergoing in an attempt to achieve critical mass
The global phenomenon of mergers and acquisitions has taken hold in Bahrain's banking industry. The ground-breaking merger between Bahrain's Gulf International Bank (GIB) and London-based Saudi International Bank (SIB) was completed last year, while a merger between Bahrain's AlAhli Commercial Bank and London-based United Bank of Kuwait (UBK) and another between the Faysal Bank of Bahrain (Faysal Bank) and the Islamic Investment Company of the Gulf (Bahrain) are being finalised.
Rumours also abound of a ...