The Bank of Kuwait and Middle East
BKME to go Islamic in Q2, achieves 13 percent growth, Bank to be renamed ‘Al Ahli Al Muttahad’
Thu, 2010-01-21 08:37 — newsdeskBank of Kuwait and Middle East (BKME) has achieved a growth of 13 percent in the last three years, and is now undergoing a change to become fully Sharia-compliant.
BKME sees tough 2009, to turn Islamic in 2010
Thu, 2009-02-19 11:32 — IslamicFinance.deThe Bank of Kuwait and Middle East (BKME) expects 2009 to be difficult due to a global crisis but has no exposure to troubled investment firms and will turn an Islamic bank in January 2010. BKME, owned by Bahrain's Ahli United Bank, saw Q4 net profit fall by 89.5 % to 965,000 dinars compared to KWD 9.23 mn in Q4 of 2007, according to Reuters calculations based on financial data.
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