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Bank of Bahrain and Kuwait

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Bank of Bahrain and Kuwait B.S.C (BBK)
BBK Logo
Company typeFinancial
BHSE:BBK
IndustryBanking
Financial services
Investment services
Founded16 March 1971; 54 years ago (1971-03-16)
Headquarters,
Area served
Bahrain and Kuwait (retail and corporate banking);UAE and India (corporate banking only), Turkey
Key people
Tariq Jaleel AlSaffar (Chairperson)
Yaser Alsharifi (CEO)
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Investment Management
Global Wealth Management
Private Equity
Mortgages
Credit Cards
BD 161.2 million (2024)[1]
BD 72.000 million (2024)[1]
Total assetsBD 4.193 billion (2024)[1]
Total equityBD 624 million (2024)[1]
Number of employees
1,261 (2024)[1]
SubsidiariesCrediMax, Invita
Websitewww.bbkonline.com

TheBank of Bahrain and Kuwait (BBK) was established on 16 March 1971 in both the Kingdom of Bahrain and the State of Kuwait. Its shareholders consist of the public, the government ofBahrain, banks and investment companies in Kuwait. BBK engages in the provision of various services and banking products throughout its branches in Bahrain, Kuwait and India as well as its representative office inDubai,United Arab Emirates.

Operations

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The BBK is split into four major segments:Retail Banking deals with individual customers through e-banking, loans, multi-feature accounts, credit facilities etc.;[2]Treasury andInvestment which handles internal consults with the various departments and affiliated companies to handlecapital management;Corporate Banking focuses on corporate and institutional customers within Bahrain; andInternational Banking works with overseas corporates and institutional customers, with branches in India, representative offices in Turkey and Dubai, and global correspondence with larger banks, to manage overseas trading, money marketing plus funding operations.[3][4]

Shareholders

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Subsidiaries

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Subsidiaries of the BBK include:CrediMax which specialises incredit card issuing;Capinnova Investment Bank, aSharia compliant investment banking division of the BBK which works with thecorporate finance and private equity departments;Invita is acall centre outsourcing subsidiary;Sakana, a joint venture betweenCapinnova andIthmaar Bank, focusing onIslamic finance in thereal estate sector;Global Payment Services (GPS), a branch ofCredimax that specialises in processing and outsourcing business to local and overseas clients.[5]

References

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  1. ^abcdeDigital4U (2019).BBK 2019 Annual Report(PDF) (Report). BBK. Retrieved17 October 2020.{{cite report}}: CS1 maint: numeric names: authors list (link)
  2. ^"Bank of Bahrain and Kuwait B.S.C. : Shareholders Board Members Managers and Company Profile".MarketScreener.com. 2019.
  3. ^"Back Matter".Economic and Political Weekly.36 (23):2090–2096. 9–15 June 2001.JSTOR 4410724.
  4. ^Seznec, Jean-François (1987).The Financial Markets of the Arabian Gulf. London:Croom Helm.ISBN 978-0-70995-404-0.
  5. ^"Management review".Annual Report 2012(PDF) (Report). BBK. 2012. pp. 22–32.

External links

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International
National
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