Bahrain's GFH repays $45 million in syndicated debt

August 2, 2016 2:16 AM

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Aug 2 Bahrain-based Islamic investment bank GFH Financial Group has repaid $45 million worth of debt, bringing its total syndicated liabilities down to $105 million, the lender said in a statement late on Monday.

The move is the latest effort by GFH to deleverage, having held liabilities of over $1 billion back in 2008. The bank said it now held $700 million in total equity.

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