|
1979
|
TAIB is established as the first investment bank in Bahrain
with initial paid-in capital of US$ 10 million. |
|
1980
|
TAIB has its first profitable year. |
|
1981
|
Representative office is opened in New York.
Paid-in capital increases to US$ 31 millions. |
|
1982
|
TAIB establishes Local Advisory Boards in Jeddah, Riyadh and
Al Khobar in the Kingdom of Saudi Arabia.
Representative offices were opened in Cairo and Hong Kong.
Paid-in capital increases to US$ 50 million. |
|
1983
|
Paid-in capital increases to US$ 62.5 million 1984. |
|
1984
|
Paid-in capital increases to US$ 75 million 1985. |
|
1985
|
Representative office is opened in Istanbul.
Lead-managed US$ 50 million pre-export for a Turkish bank. |
|
1986
|
International Advisory Board is founded to assist in growth
of international business. |
|
1987
|
TAIB completes US$ 1 billion in syndications. |
|
1988
|
TAIB establishes YatirimBank A.S. a wholly-owned subsidiary,
as the first privately-held merchant bank in Turkey. |
|
1989
|
TAIB completes first ten years of operation. |
|
1990
|
TAIB remains profitable, despite rapid and significant market
changes due to Gulf War. |
|
1991
|
TAIB begins to phase out lending in favor of fee-related investment
banking services. |
|
1992
|
TAIB increases paid-in capital of YatirimBank A.S. to Turkish
Lira 20 billion. Net income increases by 26%. |
|
1993
|
TAIB becomes the first Gulf-based institution approved as
Foreign Institutional Investor by the Securities and Exchange
Board of India.
Name is formally changed from Trans-Arabian Investment Bank
E.C to TAIB Bank E.C. |
|
1994
|
TAIB shares are listed on the Bahrain Stock Exchange.
TAIB Securities WLL, a wholly owned subsidiary, is launched.
TAIB Bank marks first fifteen years of operation. |
|
1995
|
TAIB inaugurates TAIB Capital Corporation Ltd. (TCCL) in Bangalore,
India.
TAIB launches its first mutual fund, the Everest Fund of India. |
|
1996
|
TAIB's rating upgraded by Capital Intelligence, the specialized
bank rating agency, to BBB-and A2 for long and short-term
respectively.
TAIB Securities WLL market share reaches 12%.
TAIB launches web-site. |
|
1997
|
Real estate activities in US portfolio cross US$ 100 million
mark.
TAIB Kazak Bank established.
TAIB launches Golden Horn Fund. |
|
1998
|
Everest Fund ranks best (year-to year performer) among all
Indian equity funds for the second successive fiscal year.
TAIB achieves total operating income of US$ 31.9 million,
highest since its inception.
TAIB Bank launches American Explorer Fund and Income Fund. |
|
1999
|
TAIB Bank marks twenty years of operation.
TAIB Securities India Ltd. established.
TAIB acquires property on which it will build its Bahrain
headquarters. |
|
2000
|
An increase in our share capital beyond the US$ 100 million
mark, through a successful Rights Issue.
An upgrade of our credit rating by Capital Intelligence
Ltd.
A 61% growth in the aggregate value of all TAIB mutual funds.
The successful launch of USDirect though taibdirect.com,
providing online direct access trading to major U.S.Stock
exchange, by our subsidiary TAIB Securities W.L.L.
|
|
2001
|
Registered a US$ 19.4 million income from trading securities.
Structured new product offerings involving alternative investments
and capital guarantees, resulting in a total of over US$ 180
million.
Increased our real estate investment activity in the U.S.
and U.K. |
|
2002 |
Completed four real estate investments, aggregating more than US$620 million - one of which was the largest TAIB ever handled at US$550 million.
Introduction of Women's Private Banking Group.
Introduction of a variety of Shariah-compliant investments. |
|
2003
|
Adaptation of "Open Architecture" approach to asset management.
Completion of TAIB Tower , TAIB's 15-storey headquarters |
|
2004 |
TAIB Bank transitionned into a Private Bank.
Completed a successful right-issue resulting in approximately US$49 million in new capital.
TAIB Bank celebrates 25th Anniversary. |
