Bank of Bahrain and Kuwait to acquire Bahrain retail business of HSBC.

Bank of Bahrain and Kuwait, a retail and commercial bank, agreed to acquire Bahrain retail business of HSBC, a British universal bank and financial services group. Financial terms were not disclosed. “We remain deeply committed to fostering growth and supporting the economic development of the Kingdom of Bahrain. This acquisition aligns with our strategic vision of expanding our market presence and delivering value to our shareholders, customers, and the community at large,” Yaser Alsharifi, Bank of Bahrain and Kuwait CEO.