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AME Info, Abu Dhabi, United Arab Emirates, Banking Briefs - Jan 29 2009 2:00PM
Thursday, January 29, 2009 2:00 PM


(Source: AME Info)trackingBy AME Info, Abu Dhabi, United Arab Emirates

Jan. 29--GULF FINANCE HOUSE REPORTS QUARTERLY LOSS: Bahrain's Gulf Finance House has reported a fourth-quarter loss after it made 'provisions on investments', the bank said. GFH suffered a loss of $10m compared with net income of $108.8m in the year-earlier period, the Islamic lender said.

GERMANY'S BHF-BANK PARTNERS WITH ADIC: BHF-Bank, the second-largest private bank in Germany, has launched a strategic partnership with Abu Dhabi Investment Company (ADIC). The strategic cooperation will start with ADIC's asset management business providing advisory services to the investment company of BHF-Bank, Frankfurt-Trust, and its successful FT Emerging Arabia funds.

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Copyright (c) 2009, AME Info, Abu Dhabi, United Arab Emirates

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