25 February 2009
Manama, Bahrain (25 February 2009) – BMB Investment Bank (“BMB” or the “Bank”) announced today its 2008 full year results with a loss of US $14.3 million as compared to a profit of US $24.6 million in 2007 as the Bank along with most other financial institutions across the world was impacted by the severe market conditions of the year and global economic downturn. The majority of this loss came in the fourth quarter as markets continued to deteriorate and the Bank took the prudent measure of provisioning some of its private equity investments.
