The Bank enhances its value proposition for Business clients with the launch of Cash Deposit Machines with multiple value-added features

Manama: August 27, 2019 – National Bank of Bahrain (NBB) today announced the continued enhancement of its service and value proposition for its Business Clients with the launch of new, state-of-the-art, high-speed large Cash Deposit Machines (CDM) in Bahrain. This comes in line with the Bank’s vision towards expanding its Transaction Banking offering by digitalising its clients’ cash management and improving their accessibility to other bank services

Corporate clients are deploying NBB CDM’s in their head offices and retail outlets. Accessed by biometric scan, clients can deposit cash up to 20,000 notes at a time. Cash is instantly credited to the clients account with no need to visit NBB branches. Cash is collected from the clients premises by Secure Services.

The machines have been successfully deployed at various Business Clients’ premises, who have provided very positive feedback. Retail customers can also deposit large amounts of cash taking advantage of this 24/7 easy deposit functionality by using their NBB debit cards.

Manama: August 24, 2019 –National Bank of Bahrain (“NBB”) announced today that it is the first Bank in the Kingdom of Bahrain to successfully complete the SWIFT Global Payments Innovation (“SWIFT gpi”) certification. SWIFT gpi is the latest initiative launched by SWIFT to improve the customer experience in the world of international (cross border) payments. The Bank continues to be a first mover in the adoption of technologies that make banking transactions more efficient and seamless. SWIFT gpi provides the customers with an array of benefits such as: faster payments, end-to-end tracking and confirmation of information when beneficiaries receive payment. At a later stage, NBB will provide customers with digital access to monitor payments providing greater visibility over the payment process.

Manama: 16 July 2019 - National Bank of Bahrain (NBB) today announced another period of continued growth reporting a net profit of BHD 40.0 million (USD 106.4 million) and an operating profit of BHD 44.7 million (USD 118.9 million) for the first six months of the year ended 30 June 2019, an increase of 8.7% and 17.3% respectively compared to a net profit of BHD 36.8 million (USD 97.9 million) and an operating profit of BHD 38.1 million (USD 101.3 million) in the prior year period. This was achieved despite provisions of BHD 4.7 million, which were more than double the provision amount in the corresponding period in 2018. For the second quarter of 2019, the Bank’s net profit increased by 14.6% to BHD 19.6 million (USD 52.1 million) compared to BHD 17.1 million (USD 45.5 million) in the second quarter of 2018.

Manama: August 20, 2019 – National Bank of Bahrain (NBB) today announced that it has launched a new Financial Restructuring Business within the Bank as part of its ongoing diversification and efforts to step up its participation and support for the local and regional markets.

- Ground breaking new projects in Muharraq & Jaaw to improve the availability of healthcare services and facilities for all segments of the Bahrain’s society -