Manama: 18 July 2018 - National Bank of Bahrain (NBB) continues to record robust financial results reporting a 15.9% rise in Net Profit to BD 36.79 million (US$ 97.85 million) compared to BD 31.74 million (US$ 84.41 million) for the corresponding period of 2017.  These results were achieved due to strong improvement in net interest income linked to growth in loans and advances and improved net interest margin on the back of better asset liability management. Provisions were also significantly lower than the corresponding period for 2017, further contributing to the overall rise in net profits. For the second quarter of 2018, the Bank recorded a Net Profit of BD 17.05 million (US$ 45.35 million) compared to BD 17.00 million (US$ 45.21 million) for the corresponding period of the previous year.

Manama – 15 July 2018: National Bank of Bahrain (NBB) today announced the completion of an ICA Certificate training course for staff in Managing Sanctions Risk. The four day course aims to ensure that staff are fully aware of the complexities of dealing with sanctioned parties and the risks this can pose to the Bank.

Manama, xx June 2018 –National Bank of Bahrain (NBB) today announced the successful completion of the first phase of its cloud adoption with the migration of its website (nbbonline.com) to Amazon Web Services (AWS). This comes as NBB accelerates its digital transformation, with plans underway to migrate the bank’s intranet and online banking platform to the cloud. Infonas, an AWS Standard Consulting Partner, undertook the migration of the website.

The National Bank of Bahrain (NBB), in keeping with its long- established tradition of community care, continues to provide support to the NBB Rehabilitation Home for Disabled Children. A delegation consisting of NBB staff volunteers and the Social Committee, led by Ms. Dana Buheji, Chief Human Resource Officer, visited the centre, where they presented gifts to children. This visit forms part of a broader community outreach strategy that has been adopted by NBB in line with the Bank’s promise to get closer to the community. NBB now works closer with those in need making onsite visits to better understand and provide support first hand to the initiatives it assits. The Bank is further proud of the community spirit that has been exhibited by its staff at all levels across the Bank who volunteer to take part in these visits and their dedication to getting out among the community. 

In the presence of Shaikh Khalifa bin Ebrahim Al-Khalifa, CEO of Bahrain Bourse and executive management members, the National Bank of Bahrain and Mubasher Financial Services signed on Monday, 2nd of July, 2018 an agreement to enable investors to trade on Bahrain Bourse (BHB) online via the “Bahrain Trade” platform. The agreement was signed by the National Bank of Bahrain’s Chief Executive Officer Mr. Jean-Christophe Durand and General Manager of Mubasher Financial Services Mr. Zaid Aloul at Bahrain Bourse’s premises.