Manama – 13 June 2018: The Minister of Works, Municipalities Affairs and Urban Planning (MOW) his Excellency Eng. Essam bin Abdulla Khalaf signed an agreement with National Bank of Bahrain (NBB) Chairman Mr. Farouk  Yousif Almoayyed, for the supervision of construction for the Multiple Sclerosis Center at Muharraq Medical Center. The signing took place  in the presence of the Minister of Health Her Excellency Ms. Faeqa Alsaleh, the Undersecretary of Public Works Affairs Eng. Ahmed Al Khayat, the Assistant Under-Secretary for Hospital Affairs Dr. Mohammed Al Awadi, the Assistant Under-Secretary for building and maintenance projects Shaikh Mashaal bin Mohammed Al Khalifa and CEO of NBB Mr. Jean Christophe Durand.

Manama – 10  June 2018: NBB today announced that it is set to host a Forum for SMEs in line with the Bank’s upcoming roll out its new and enhanced business online banking platform, which is currently in the beta testing phase and will become available to all business customers as of 26th, June.

National Bank of Bahrain (NBB) today announced strong financial results for the first quarter of 2018 reporting an 33.9% rise in Net Profit to BD 19.74 million (US$ 52.50 million) compared to BD 14.74 million (US$ 39.20 million) for the corresponding period of 2017.  Strengthened performance during the quarter was supported by higher net interest income linked to growth in loans and advances coupled with better asset liability management resulting in a strong improvement in the net interest margin. Provisions were also significantly lower than in the corresponding period for 2017, further contributing to the overall rise in net profits”.

NBB today announced details of the Bank’s strategy for its digital transformation, which centres on better meeting the fast-evolving needs of customers and modernising every aspect of its banking experience through the strengthening of its digital capabilities.

Board proposes dividend of 35 % (25 % cash & 10 % stock)
Manama, January 29, 2018 -- National Bank of Bahrain (NBB) reported strong financial results and growth for the financial year ended 31 December 2017 with record Net Profit of BD 61.01 million (US$ 162.25 million), an increase of 4.8%, compared to BD 58.24 million (US$ 154.88 million). For the fourth quarter of the year, the Bank recorded a Net Profit of BD 11.58 million (US$ 30.80 million) compared to BD 12.03 million (US$ 31.99 million) for the corresponding period in 2016. Earnings Per Share (EPS) for the year also improved to 48.4 fils for 2017 from 46.3 fils in 2016 reflecting the Bank’s enhanced performance and continued effective cost management. These results, which were reviewed and approved by the Bank’s Board of Directors on 29 January 2018, saw the Board recommend a 2017 dividend of 35 % (25 % cash dividend and 10 % stock dividend).