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Ithmaar Bank’s Private Banking Department serves high net worth individuals, family investment offices, corporate entities and Financial Institutions situated in those regions. The Department the provides personalised and private banking services, financial advice, and investment services for high net worth clients and institutions through a close understanding of clients’ needs and an ability to meet these needs proactively.
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Ithmaar Bank - More focus on Core Activities

31 Mar 2013 -- Ithmaar

MANAMA, BAHRAIN – 31 March 2013 – Shareholders of Ithmaar Bank, a Bahrain-based Islamic retail bank today (ed note: 310313) once again threw their weight behind the Bank’s plans to increase its focus on core banking activities while working towards restructuring its investment portfolio. Ithmaar Bank Chairman, His Royal Highness Prince Amr Al Faisal, said this is in line with the Bank’s commitment to becoming the region’s premier Islamic retail and commercial bank.

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Ithmaar reports 2012 growth

28 Feb 2013 -- Ithmaar

MANAMA, BAHRAIN – 28 February 2013 – Ithmaar Bank, a Bahrain-based Islamic retail bank reported today (ed note: 28/02/13) a net loss of BD10.1million in 2012, compared to a net loss of BD23.3million in 2011. It is encouraging to note the turnaround in profit before impairment and taxation with a profit of BD12.8million for 2012, compared to a loss of BD14.3million in 2011.

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Ithmaar completes First Leasing merger, increases capital to US$758million

23 Feb 2013 -- Ithmaar

MANAMA, BAHRAIN – 23 February 2013 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today (ed note: 23/02/13) that it had merged with one of its Bahrain-based associates, First Leasing Bank.

The announcement follows the final approval of the Central Bank of Bahrain (CBB) and the Bahrain Ministry of Commerce and Industry (MOIC), as well as the completion of the three-month and the sixty-day notice period required by the CBB and the MOIC respectively.

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Ithmaar wins UN-based award for Bahrain

06 Feb 2013 -- Ithmaar

MANAMA, BAHRAIN – 06 February 2013 – Ithmaar Bank helped earn the Kingdom of Bahrain pride of place among the world’s most technologically developed countries when it was singled out for a prestigious United Nations (UN) based award.

Bahrain is the only country in the Gulf Cooperative Council (GCC) region, and one of only two in the Middle East and North Africa (MENA) region, to have made it among the 40 World Summit Award mobile (WSA-mobile) contest winners. A total of 400 mobile applications from more than 100 countries participated in the contest.

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Ithmaar participates in Tamkeen expo, supports SMEs

10 Jan 2013 -- Ithmaar

MANAMA, BAHRAIN – 10 January 2013 – Ithmaar Bank, a Bahrain-based Islamic retail bank, participated in the first Tamkeen Conference and Exhibition which end earlier this week (ed note: 08/01/13) at the Gulf Hotel.

The event was organised as part of Tamkeen’s efforts to support the private sector and empower Bahrainis to become employees of choice. Ithmaar’s participation in the two day event is in line with the Bank’s long standing commitment to playing a real and meaningful role in the local community.

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