18 Dec 2009
Click here for the Financial Statement
Capinnova Investment Bank, the Shari’a compliant investment banking arm and fully owned subsidiary of BBK, has reported a net loss for this quarter of US$ 1.1 million as compared to US$ 757k during 2008 and gross revenue of US$ 653k for third quarter of 2009 in comparison to US$ 71k from same quarter last year.
The net loss reported for the 9 month ended September 2009 was US$ 3.6 million as compared to US$ 1.5 million during 2008. The gross revenue for the period increased to US$ 2.2 million as compared to US$ 302k for 2008.
Capinnova is a newly established investment bank which started its operation at the beginning of this year with an authorized capital of US$ 500 million and paid-up capital of US$ 125 million. The net loss reported was due to the start up and initial operating costs.
Capinnova aims to provide quality investment products and innovative solutions to companies, financial institutions and high net worth individuals.
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more