ITHMAAR BANK ANNOUNCES KEY APPOINTMENTS

MANAMA, BAHRAIN – 07 May 2017 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today (ed note: 07/05/2017) two key appointments to its executive management team, and assigned new responsibilities to another senior executive.
Yousif Alkhan, presently the Head of Information Technology, has been assigned additional responsibility of Administration and will now be the Head of Information Technology and Administration Department; Krishnan Hariharan was appointed Chief Risk Officer; and Khalil Ebrahim Al Asfoor was appointed Acting Head of Internal Audit. Continue reading “ITHMAAR BANK ANNOUNCES KEY APPOINTMENTS”

ITHMAAR BANK CONTINUES FOCUS ON CORE RETAIL BANKING BUSINESS UNDER THE NEW GROUP STRUCTURE

MANAMA, BAHRAIN – 30 April 2017– Ithmaar Bank B.S.C. (closed) (Ithmaar Bank), a Bahrain-based Islamic retail bank, announced today (ed note: 30/04/17) that it is continuing operations as an Islamic retail bank that is licenced and regulated by the Central Bank of Bahrain (CBB) as part of the new organisation structure that was successfully completed in January 2017.
The announcement, by the Bank’s Chief Executive Officer Ahmed Abdul Rahim, follows a CBB Resolution published in the Official Gazette last Thursday (ed note: 27/04/17) regarding the termination of the Islamic retail banking licence of the former Ithmaar Bank B.S.C as part of the planned reorganisation and the process of completing the legal procedures of the reorganisation. Continue reading “ITHMAAR BANK CONTINUES FOCUS ON CORE RETAIL BANKING BUSINESS UNDER THE NEW GROUP STRUCTURE”