Financial and Banking News
BMB Renews Continental Facility, but not for $125mn
Manama-based Bahrain Middle East Bank (BMB) has renewed a one-year fundingfacility arranged by Continental Bank, although for less than the $125mnagreed last year. The original facility, which had been fully drawn, expired on19 June. The bank is currently negotiating the renewal of a two-year $45mn loanarranged by Arab Banking Corporation (ABC), which is due for repayment...