MANAMA, BAHRAIN – 21 August 2016 – In the presence of Central Bank of Bahrain (CBB) executives, Ithmaar Bank (ed note: 21/08/16) hosted a formal ceremony to officially inaugurate its newest branch in Galali.

Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim, said that the Galali branch, the Bank’s fourth full-service branch in Muharraq and its eighteenth in Bahrain, contributes directly to the Kingdom’s flourishing banking and finance industry. He also emphasized the Bank’s commitment to serving Bahrain residents in new and developing neighborhoods.

MANAMA, BAHRAIN – 10 August 2016 – Ithmaar Bank, a Bahrain-based Islamic retail bank, reported today (ed note: 10/08/16) a net profit of US$11.96 million for the first half of 2016, an 8.3 percent decrease compared to the US$13.04 million net profit reported for the same period last year. Net profit attributable to equity holders of the Bank for the first half of 2016 was US$4.40 million, a 22.2 percent decrease compared to the US$5.66 million net profit reported for the same period last year.

MANAMA, BAHRAIN – 7 August 2016 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced its continued support, for the ninth consecutive year, of the King Hamad Trophy Golf Championship which is organised by the Bahrain Golf Association.
The Championship, which will be held under the patronage of His Majesty King Hamad bin Isa Al Khalifa from 17 to 19 November at the Royal Golf Club in Riffa Views, is the highlight of the Kingdom’s golfing calendar, and one of the region’s most important sporting event.

MANAMA, BAHRAIN – 2 August 2016 – Ithmaar Bank, a Bahrain-based Islamic retail bank, continued its long-standing tradition of hosting a summer internship programme for undergraduate students. The annual programme, part of Ithmaar Bank’s commitment to helping prepare future banking professionals, provides university students the opportunity to experience, first hand, the working environment at an Islamic bank.

MANAMA, BAHRAIN – 01 August 2016 – Bahrain citizens will be offered government-subsidised financing through Ithmaar Bank to help them buy their first homes in a new development in Seef district as part of a national scheme designed to address the Kingdom’s housing challenges.