Official talks have been launched between the Bank of Bahrain and Kuwait (BBK) and the National Bank of Bahrain (NBB) to discuss a potential merger between both sides, BBK announced on the Bahrain Stock Exchange website.
The move comes within the framework of the two banks’ efforts to boost competitiveness, optimise their customer-oriented services, and support the national economy.
“The ongoing discussions aim to explore possible ways for the merger, including the assessment of legal, trade and organisational aspects,” BBK revealed, stressing commitment to transparency in disclosing news.
The merger is expected to broaden the scope of services provided by the two banks and enhance their presence in the market. It also seeks to provide more innovative banking solutions and benefit the customers and shareholders.
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