Bahraini lender Bank of Bahrain and Kuwait (BBK) will pursue acquisition opportunities in Bahrain and the Gulf after a planned merger with Islamic rival Shamil Bank was put on hold, its chief executive said yesterday.
"We will continue to look into opportunities, if something comes across our way, we will pursue it very aggressively," Chief Executive Abdulkarim Bucheery said.
Bahrain-based Islamic lender Ithmaar said last week it put on hold the planned merger of its fully-owned unit Shamil Bank and BBK, in which it owns 25 per cent, due to market uncertainty.
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