National Bank of Bahrain B.S.C. (NBB) has reported a 27.3% decrease in its net profit attributable to equity shareholders to BHD 29.1 million (USD 77.2 million) for the first half ended 30 June 2020, compared to BHD 40.0 million (USD 106.1 million) in 2019. The decrease in net profit was predominantly attributable to the worldwide COVID-19 pandemic resulting in higher precautionary provisioning requirements, lower margins, lower income from associate equity valuations and lower dividends following reduced distributions due to the ongoing epidemic. 

The National Bank of Bahrain (NBB) announced its support to the latest awareness campaign to be launched by the Director Development Programme for Women (DDPW), a first of its kind in the Kingdom to focus on the importance of Environmental, Social and Governance (ESG) reporting.

As part of its commitment towards employee career growth and development, the National Bank of Bahrain (NBB) introduced its revamped internal training model, which was enhanced with the aim of continuously providing both NBB and the recently acquired Bahrain Islamic Bank (BisB) staff, with the necessary skillset to continuously address their developmental needs despite the current challenging environment. 

The National Bank of Bahrain (NBB) has celebrated a significant milestone in its transformation journey after being awarded ‘The Middle East’s Best Bank Transformation’ by the Euromoney Awards for Excellence 2020 – the global financial sector’s most esteemed accolades, which also honored it with the ‘Bahrain’s Best Bank’ honor for the second consecutive year. NBB was nominated as a result of its significant transformation, positive results delivered over the past year, as well as its continued market leadership and ongoing efforts and investments in innovation.