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Wednesday, 9 June 2010
Q+A - Debt troubles at Bahrain investment firm GFH | Reuters
Bahrain's Gulf Finance House GFHB.BH (GFHK.KW) has been badly hit by a regional real estate crash and has struggled to reduce its debt as the repayment of a $100 million loan looms in August.
Its troubles underscore how the financial crisis has challenged banks and regulators in the oil exporting economies of the Gulf, once thought immune from shocks due to energy income, and how far some must go before regaining solid ground.
Via headline are questions and answers on the risks to GFH, its financial partners and Bahrain's banking industry.
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