The National Bank of Bahrain (NBB) has recently announced a new milestone in the history of the Bank after successfully increasing its controlling stake in Bahrain Islamic Bank (BisB) to 78.81%.

Manama – 19 January, 2020 – NBB announced the results of its Offer to acquire up to 100% of the paid up ordinary shares of BisB. Acceptances were received in respect of 529,424,282 ordinary shares of BisB which, on completion of settlement, will result in NBB owning a controlling stake of 78.8% of BisB, up from its 29.06 % pre-transaction stake. 93.55% of the acceptances were from institutional shareholders of BisB and the remaining 6.45% were from individual shareholders. 94.95% of all acceptances opted for the cash offer of BHD 0.117 per BisB share, while the remaining 5.05% opted to swap their BisB shares with newly issued shares of NBB at a share exchange ratio of 0.167 NBB shares per BisB share.

Manama – 23rd October 2019 – National Bank of Bahrain (NBB) has reported a 1.8% increase in its net profits to BHD 56.0 million (US 148.9 million) for the nine months period ending 30th September 2019, compared to BHD 55.0 million (USD 146.3 million) for the same period last year. Furthermore, operating profit also showed a healthy growth of 8.3% to BHD 62.3 million (USD 165.7 million), compared to BHD 57.5 million (USD 152.9 million) for the same period in 2018. This was achieved despite provisions of BHD 6.3 million, which were more than double the provision amount in the corresponding period in 2018.

Manama – 3 December, 2019 – National Bank of Bahrain (NBB) has set a significant benchmark in the region’s financial sector by becoming the first Bank in Bahrain and the Middle East and North Africa to launch Open Banking solutions. The Bank’s new ‘Aggregator’ service was revealed during an exclusive media gathering at Capital Club, in the presence of representatives from the National Bank of Bahrain, the Central Bank of Bahrain (CBB), the Economic Development Board of Bahrain (EDB) and Tarabut Gateway.

Manama, Kingdom of Bahrain - October 21, 2019: National Bank of Bahrain (NBB) announced the lucky winner of its Personal Loan Cash Back campaign for the month of September, who received a cashback reward covering up to BHD 15,000 from her loan amount. The winner was presented with the award in the presence of NBB’s management team on Wednesday, 16th of October, at NBB’s recently opened Atrium Mall branch.