Manama, Bahrain– 05 April 2015: Five Ithmaar Bank customers will each have their next twelve months’ personal finance instalments paid for them by the Bank as part of the recent “Win back your instalment” promotion.

The promotion was valid until 4 March, and the draw was held at the Ithmaar Bank headquarters in Seef on 16 March under the supervision of the Ministry of Industry and Commerce, internal auditors and external supervisors BDO (Bahrain).

MANAMA, BAHRAIN – 31 March 2015 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today (ed note: 31/03/15) that the strategic decisions taken by the Bank’s Board of Directors early in 2014 have already started yielding results. The decisions, which aimed at turning the Ithmaar Group around by significantly transforming operations, included initiatives for increased revenue, improved margins, divestment of non-core assets and cost reductions across the Group.

MANAMA, BAHRAIN – 22 March 2015 – In line with its long standing commitment to playing a real and meaningful role in supporting the development of Bahrain’s banking and finance industry, Ithmaar Bank once again extended its support for a major Accounting and Auditing Organisation for Islamic Financial Institution (AAOIFI) conference which started in Bahrain earlier today (ed note: 22/03/15).

Manama, Bahrain– 9 March 2015: Ithmaar Bank, a Bahrain-based Islamic retail bank, signed a Memorandum of Understanding (MOU) with Gulf Air, the national carrier of the Kingdom of Bahrain, to offer Ithmaar Bank’s cardholders a discounted pricing for Gulf Air online ticket purchases.
Gulf Air Acting Chief Financial Officer, Sahar Ataei, and Ithmaar Bank General Manager, Retail and Private Banking, Abdul Hakeem Al Mutawa, signed the MOU at a ceremony held at Gulf Air headquarters.

MANAMA, BAHRAIN – 7 March 2015 – Ithmaar Bank, a Bahrain-based Islamic retail bank, reported today (ed note: 7/03/15) a net loss of US$8.8 million in 2014, significantly less than the net loss of US$79.3 million reported in 2013. The results include a net loss for the quarter ended 31 December 2014 of US$13.7 million, against a net loss of US$67.4 million for the same period last year.