Bank of Bahrain and Kuwait to acquire Ithmaar Bank’s Bahrain operations

MANAMA, BAHRAIN: The Bank of Bahrain and Kuwait (BBK), one of the largest  commercial  banks  in  Bahrain,  and  Ithmaar Holding, the  parent  of  Ithmaar  Bank, signed a Memorandum of Understanding (MoU) on the potential acquisition by BBK of Ithmaar Bank’s Bahrain operations as well as specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar…