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Behind these numbers lies a monetary policy that has, for the most part, struck the right balance. The State Bank of Vietnam (SBV) has maintained policy rates at historically low levels – the refinancing rate at 4.5 per cent and the discount rate at 3 per cent since mid-2023.
The trend of consolidation continues to dominate the business scene in Bahrain's financial industry. This has been led by the completion of the public takeover offers of Bahrain Islamic Bank by the National Bank of Bahrain and further announcements relating to the acquisition of Ithmaar Bank by the Bank of Bahrain and Kuwait (BBK), as well as an auction of the closely held Bahrain AXA insurance firm.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
