In response to the Royal directives, the Honorable Cabinet of Bahrain and the Central Bank of Bahrain, and an appreciation of the exceptional efforts made by the esteemed government in providing all support to the national economy and all economic activities and citizens and residents, Banks operating in Bahrain affirm their willingness to extend their support to customers and welcome their requests to defer loan installments until the end of the current year, to mitigate the effects of the Corona pandemic.

Bahrain"...

Bahrain banks’ response to defer loan payments until the end of the year is a continuation of the economic stimulus announced under the directives of His Majesty King Hamad bin Isa Al Khalifa to unify national efforts to confront the impact of the coronavirus (Covid-19) pandemic, Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa has said.

The"...

ila Bank’s unique visual identity has impressed branding experts around the world as the year-old brand won the award for the “Best Overall Visual Identity”, Gold in “Best Visual Identity in Financial Services” and Silver in “Best External Stakeholder Relations during a Brand Development Project” categories at the Transform Awards- MEA, held in Dubai on 15 September 2020. ila was also highly commended for “Best Use of Typography” at the ceremony.

This"...

The Central Bank of Bahrain (CBB) warned consumers to be cautious and vigilant in of short message services (SMS), telephone calls, smartphone applications and websites when dealing with their personal and banking information.

This warning comes as a result of increased cyber attacks and fraud globally during the COVID-19 pandemic.

In particular, the CBB urges consumers"...

The Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain, and Ithmaar Holding, the parent of Ithmaar Bank today signed a memorandum of understanding (MoU) on the potential acquisition by BBK of Ithmaar Bank’s Bahrain operations as well as specific assets of IB Capital, a wholly-owned subsidiary of Ithmaar Holding.

The MoU, which was"...

Dr. Waheed Al Qassim, CEO of the Bahrain Association of Banks (BAB), said that ICT is crucial in establishing a developed banking industry, expressing the society’s satisfaction at the success of many Bahraini banks in the field of the digital transformation. He stressed that this success was demonstrated in light of the COVID-19 pandemic, as everyone obtains financial and banking services smoothly and trouble-free.

This was discussed during"...

Manama, Sept. 12 (BNA): Gulf International Bank (GIB) today announced that it had been named a winner in six categories by the New York based Global Finance magazine’s “2020 World’s Best Corporate/Institutional Digital Banks Awards Middle East”.

GIB won four out of seven awards for the Kingdom of Saudi Arabia (KSA), the Middle East’s largest"...

In a benevolent gesture that reflects the Bank’s appreciation to the noble national efforts exerted in light of the challenging circumstances witnessed by Bahrain and the world due to the outbreak of the Coronavirus (COVID-19) pandemic, Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has recently held a special ceremony to honour its employees working in all branches across the Kingdom in recognition of the key role played by KHCB Branch Employees in the frontlines and as"...

Bank ABC, headquartered in Bahrain and one of MENA’s leading international banks has announced that the technical rating action due to Fitch Ratings’ downgrade of Bahrain’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘, will not lead to imminent pressure on the Bank’s funding or pricing, due to its resilient balance sheet position and consistent growth strategy.

Bank ABC"...

DUBAI- Bahrain's Bank ABC said on Tuesday it was in preliminary talks to buy Blom Bank's Egyptian subsidiary, pitting it against Dubai's Emirates NBD, which is also a potential bidder.

Blom has hired CI Capital to advise on a sale that could fetch $250 million to $300 million as the Lebanese lender tries to boost its capital, Reuters reported last month, citing two sources familiar with the deal.

Blom"...