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Venture Capital Bank (“VCBank”), an Islamic wholesale bank licensed by the Central Bank of Bahrain (“CBB”), has counter-signed a binding Letter of Intent from Esterad Investment Company B.S.C (“Esterad”), to acquire a majority stake with minimum of 75% and up to 100% stake in VCBank, as approved by VCBank’s board of directors. Established in 1973, E ...
Read MoreVenture Capital Bank (VCBank), an Islamic wholesale bank licensed by the Central Bank of Bahrain, announced today its successful exit from a real estate portfolio in the US multifamily residential sector. With a gross sale value of USD 116.5 million, this exit generated a return on investment (ROI) of 54 per cent; and provided investors with an internal r ...
Read MoreVenture Capital Bank (VCBank) B.S.C, the Bahrain-based Shari’ah-compliant investment bank, announces the launch of its new online platform, ‘VCB Online’, a mobile application designed to provide clients with a convenient way to access their investment portfolios digitally. The new online platform, currently offered in English and Arabic and comp ...
Read MoreVenture Capital Bank (VCBank) B.S.C, the Bahrain-based Islamic Bank, has recently announced its financial results for the second quarter of 2020-2021, corresponding to the Three-month period ended 31 December 2020, in which the Bank reported a net loss of USD1.795 million, in comparison with a net loss of USD43.497 million (restated) during the same perio ...
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