4 March 2009
Venture Capital Banks' General Assembly approves increase in Capital to US$ 250 Million
Venture Capital Bank held its Annual Ordinary & Extraordinary General Meeting on Wednesday, March 4, 2009 at the Sheraton Hotel Bahrain to discuss the external auditor's report and approve the financial statements for the year ended 31 December 2008, in which the bank achieved net profit of US$ 47 million with 47% growth compared to last year with 27% return on equity. Furthermore, VC Bank announced expansion plans in its operations after the Extraordinary Assembly approval of an increase in VC Bank’s authorised and paid-up capital from US$ 165 Million to US$ 250 Million with an increase of US$ 85 Million to go in line with its Board of Directors approved strategic plans.
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7 February 2009
Venture Capital Bank Achieves US$ 47 Million Net Profit and Recommends 10% Cash Dividends & 5% Bonus Shares to Its Shareholders
The Board of Directors of Venture Capital Bank B.S.C. (c) met on Wednesday 4 February 2009, the meeting chaired by the Bank’s Chairman, Dr. Ghassan Ahmed Al Sulaiman and reported an outstanding profit of US$ 47 million for its high performance during 2008, the Bank’s third successful year of operations since its inception.
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15 November 2008
Venture Capital Bank and a team of German surgeons establish the German Orthopaedic Hospital in Bahrain
Venture Capital Bank has announced the establishment of a dedicated orthopaedics and rehabilitation hospital in the Kingdom of Bahrain, under the name of the German Orthopaedic Hospital, in collaboration with a group of outstanding German medical professionals. This outstanding project comes as an integral part of VCBank’s plan to create series of medical centres of excellence in different medical disciplines and specialisations in the Kingdom of Bahrain.
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