The proposed merger between Bank of Bahrain and Kuwait (BBK) and the National Bank of Bahrain (NBB) remains on track for potential completion this year, despite ongoing regional economic challenges, it has been revealed.
Addressing shareholders during the bank's annual general meeting (AGM) today, BBK Group chief executive Yaser Alsharifi confirmed that the tie-up is being treated as a "national priority" with significant strategic value for the kingdom's banking sector.
"The merger remains a top priority for both banks," Mr Alsharifi said. "It is viewed not just on a national level, but also as a major value-creation opportunity for our shareholders."
Full story in tomorrow's GDN
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