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This is the press area where you can find
press releases relating specifically to
Venture Capital Bank and its work.
If you have a press enquiry for VCBank,
please contact the press office or call
+973 17518888
This is the press area where you can find
press releases relating specifically to
Venture Capital Bank and its work.
If you have a press enquiry for VCBank,
please contact the press office or call
+973 17518888
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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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.
More
07 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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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...
More
