Bank ABC (Arab Banking Corporation B.S.C.) – Bahrain Bourse Trading Code “ABC” -today announces its results for the nine months of 2019. The period was marked with persisting trade tensions between US and China which, together with the uncertain political situation in some of ABC’s key markets, has dampened economic growth and demand for credit. There was continuing currency weakness in Brazil, as well as the declining USD interest rate outlook. Notwithstanding these external conditions ABC has ended"...

Manama, Nov.3 (BNA): Central Bank of Bahrain (CBB) Governor Rashid Al-Maraj met Islamic Development Bank (IsDB) Group Chairman Dr. Bandar bin Mohammed Hamza Hajjar and the accompanying delegation. CBB executive director for financial control Khalid Hamad attended.

The meeting was held on the sidelines of the 14th edition of the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Conference. He commended the participation of the Islamic Development Bank (IsDB) Group in the conference....

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is set to host the 14th edition of its annual Islamic banking and finance conference “AAOIFI – World Bank Conference” under the auspices of the Central Bank of Bahrain. The two-day conference will be held on the 3rd and 4th of November at the Gulf Hotel, Manama, Kingdom of Bahrain, under the theme “Revolutionary Changes in Global Islamic Finance Ecosystem: Need for Governance, Standardization and Regulatory Support”.

Esterad Investment Company (ESTERAD) announced at a meeting of its board of directors on Wednesday 23rd October 2019, the nine months financial results for the current year including the financial results of third quarter.

Esterad achieved a net profit (attributable to the shareholders of the parent company) during the third quarter of 2019 amounting to BD 226,194, compared to BD 432,738 during the third quarter of the previous year, a decrease"...

Manama, Oct. 24 (BNA): National Bank of Bahrain (NBB) has reported a 1.8% increase in its net profits to BD 56.0 million ($148.9 million) for the nine months period ending 30th September 2019, compared to BD 55.0 million ($ 146.3 million) for the same period last year.

Operating profit also showed a growth of 8.3% to BD 62.3 million ($ 165.7 million), compared to BD"...

Bahrain Kuwait Insurance Company B.S.C. (BKIC) announced its financial results for the nine months ended 30″ September 2019. The company achieved a net profit attributable to the shareholders of BD 2.73 million, compared to BD 2.81 million in the previous year, registering a decrease of 3%. The company also achieved underwriting profits during the current period of BD 2.08 million, compared to BD 1.84 million of the same period last year, recording an increase of 13%. The gross premium revenue declined by 1%, from BD"...

Recently, BisB revealed during a broadcast on the Bank’s YouTube channel its latest digital milestone, announcing that customers could sign up via face ID through the BisB Digital app. In less than a month since the service was launched, the Bank witnessed an extremely positive reception from the public evidenced by the unprecedented spike in new customers that signed up via face ID authentication, each averaging a sign-up time of 5 minutes.

For"...

Ithmaar Bank, a Bahrain-based Islamic retail bank, inaugurated a new branch in Muharraq as part of its efforts to continuously improve its customers’ banking experience.

The branch, which is more accessible and offers better parking facilities than Ithmaar Bank’s earlier branch in Muharraq, was commissioned in response to customer demands and underscored how seriously the Bank takes customer feedback.

Ithmaar"...

Gulf International Bank (GIB) has appointed Khaled Abbas, a seasoned banker with more than two decades of experience, as group head of wholesale banking at GIB.

Abbas assumes the role after having served as GIB’s country gead of UAE, where he oversaw continued growth in the UAE market. Prior to joining GIB, he was executive vice president and regional head –"...

The Central Bank of Bahrain (CBB) extends its congratulations to Noora Hassan Abdulghani, Superintendent in the Inspection Directorate at the CBB, on her appointment as a member of the Global Future Councils (GFCs).

On this occasion Ms. Abdulghani commented: “I would like to express my gratitude and appreciation to His Excellency Mr. Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, for nominating me for this role, and for"...