BMI Bank in Bahrain has now completed five quarters of profitability as it works to establish itself as a bigger player in the kingdom.
It has also opened four new branches with plans to open a further two in Tubli and Salmabad before the end of the year but even this expansion is not good enough for chief executive Jamal Al Hazeem.
"There are too many banks in Bahrain and many are too small so the future lies in consolidation and mergers," said Mr Al Hazeem who joined BMI Bank in 2010.
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