National Bank of Bahrain (NBB)

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News

9 December 2024 07:52 AM KIB Invest, UAE-listed banks lead Bahrain’s 7-year Sukuk issuance

Mubasher: Kuwait International Bank (KIB), through its investment arm KIB Invest, served as joint lead manager (JLM) in the issuance of a seven-year for Bahrain via CBB International Sukuk Programme Company W.L.L. The USD-denominated senior …

Banking and Finance

18 January 2020 06:48 PM NBB acquires 78.8% stake in Bahrain Islamic Bank

Mubasher: The National Bank of Bahrain (NBB) on Saturday announced that its offer to acquire up to 100% of the paid-up ordinary shares of the Bahrain Islamic Bank (BisB) resulted in the control of a 78.8% stake in the Islamic bank, according to …

Banking and Finance

16 July 2019 02:30 PM NBB posts $106.4m profit in 6M

Mubasher: The National Bank of Bahrain (NBB) has reported an 8.7% year-on-year profit increase during the first six months of 2019, recording BHD 40 million ($106.4 million). The bank’s operating profit grew 17.3% to BHD 44.7 million in H1-19 …

Companies Investments

4 April 2019 07:46 PM National Bank of Bahrain takes step in digital transformation

Mubasher: Tata Consultancy Services (TCS) has announced that National Bank of Bahrain (NBB) selected TCS BaNCS for Core Banking to be integrated into the bank’s digital transformation to diversify its business lines and enrich the experience of …

Banking and Finance

7 August 2018 03:57 PM Moody's downgrades four Bahraini banks

Mubasher: Moody's Investors Service has downgraded to B2 from B1 the long-term local currency deposit ratings of Bank of Bahrain and Kuwait (BBK), National Bank of Bahrain (NBB), Bahrain Islamic Bank (BISB), and Khaleeji Commercial Bank (KHCB). …

Sector Reports

16 October 2017 02:30 PM SICO expects Bahraini firm to solely post lower Q3 profits

Mubasher: Securities & Investment Company (SICO) has forecast that Nass Corporation will be the only Bahraini company to register profits lower by 6% on an annual basis to BHD 800,000 during the third quarter of 2017. SICO expected the profits of …

Sector Reports

19 May 2017 02:08 PM Capital Intelligence affirms NBB rating; outlook stable

Mubasher: Credit ratings agency Capital Intelligence has confirmed its rating for the National Bank of Bahrain's (NBB) long-and-short-term currency ratings at BB+ and B, respectively. "These ratings are constrained by CI's sovereign ratings for …

Banking and Finance

19 April 2017 11:23 AM NBB posts lower profits in Q1

Mubasher: The National Bank of Bahrain (NBB) posted a decline of 17% in profits to BHD 14.74 million ($38.57 million) during the first quarter of 2017 from BHD 17.76 million ($46.48 million) in the same period of 2016. The earnings per share stood …

Financial Results

5 March 2017 08:50 AM Bahrain banks Q4 profits surge 91.04%

By: Enas Bahgat Mubasher: The financial statements of the banks sector in Bahrain reported a jump of 91.04% in profits during the fourth quarter of 2016 as compared to the same period a year ago. The banks’ overall profits soared to BHD 63.08 …

Financial Results

31 January 2017 06:35 AM NBB proposes 35% cash dividend, bonus shares

Mubasher: The National Bank of Bahrain (NBB) said that its board has recommended to the ordinary general meeting a 35% cash dividend and bonus share, according to bourse statement issued on Tuesday. The board has proposed a 25% cash dividend or 25 …

General Assembly

30 January 2017 00:01 PM NBB posts profit rise, recommends 35% in annual distributions

Mubasher: National Bank of Bahrain (NBB) reported a growth in profits by 1.1% in the fourth quarter of 2016 compared to the same period in the year before. According to the bank’s statement to the Bahrain Bourse on Monday, net profits in Q4-16 BHD …

Cash Dividends

28 October 2016 11:14 AM Bahrain Bourse down 0.32% in week

Mubasher: The Bahrain Bourse's performance retreated during the week, on the back of the commercial bank and service sectors. The main index shed 0.32% or 3.69 points, to close at the level of 1,148.16 points this week. The banks sector dominated …

Trading Activities

19 October 2016 02:24 PM Bahrain’s NBB profits up 6% in Q3

Mubasher: National Bank of Bahrain reported a 5.8% growth in net profits in the third quarter of 2016, according to the bank’s statement to the Bahrain Bourse on Wednesday. Profits increased to BHD 14.5 million ($38.2 million) compared to BHD 13.7 …

Financial Results

20 July 2016 00:12 PM NBB’s profits up 10% in Q2

Mubasher: The National Bank of Bahrain (NBB) posted on Wednesday a net profit of BHD 13.96 million ($36.7 million) for the second quarter of the fiscal year 2016, rising 10.4% from BHD 12.65 million ($33.3 million) posted for Q2-15. In the first …

Financial Results

9 March 2016 00:35 PM NBB shareholders OK 25% cash dividends, 10% bonus shares

Mubasher: National Bank of Bahrain’s (NBB) shareholders agreed on paying cash dividends at 25% of its capital, totalling BHD 26.3 million ($69.77 million), for the fiscal year 2015. During their ordinary general meeting on Wednesday, shareholders …

General Assembly

25 January 2016 00:48 PM NBB’s FY15 profits up 3.4%; board proposes dividends

The National Bank of Bahrain (NBB) reported 3.4% growth in 2015 earnings as compared figures from 2014. NBB said in a bourse statement that it has achieved BHD 55.28 million ($146 million), compared to BHD 53.44 million ($141.25 million). The …

Financial Results

13 December 2015 01:11 PM Bahrain’s NBB confirms Fitch’s rating

The National Bank of Bahrain (NBB) has confirmed the news spread in the media about Fitch Ratings downgrading the bank’s credit outlook to ‘Negative’. Fitch has recently downgraded the outlook of NBB as well as Bank of Bahrain and Kuwait (BBK) to …

Macroeconomics

16 September 2015 00:55 PM NBB board to discuss interim financials 21 October

Mubasher: National Bank of Bahrain (NBB) said it will hold a board meeting on 21 October, 1:00pm, to look into interim financial statements. Net earnings for t first half of 2015 rose 3.2% to BHD 29.67 million, compared with BHD 28.74 million a …

Event

20 August 2015 08:52 AM Bahrain banks’ H1 earnings rise to BHD 196m – Report

By Esraa Mohammed Mubasher: Earnings generated by Bahraini banks during the first half of 2015 reached BHD 196.4 million ($516.6 million), a rise of 11.3% compared with BHD 176.4 million ($464.1 million) in the same period of 2014. The …

Financial Results

14 July 2015 06:50 AM NBB posts BHD 29.67m profits in H1

Mubasher: National Bank of Bahrain (NBB) reported net profits of BHD 29.67 million for the first half of 2015, compared with BHD 28.74 million for the same period of 2014, a rise of 3.2%. As for the second quarter of 2015, the lender registered an …

Company News

23 June 2015 09:33 AM Fitch downgrades 2 Bahraini banks, affirms another

Fitch rating agency downgraded Long-term Issuer Default Ratings (IDRs) of both the National Bank of Bahrain and also the Bank of Bahrain and Kuwait to “BBB-” from “BBB”, with a future stable outlook. However, Ahli United Bank was affirmed at …

Stock Evaluations

1 April 2015 01:27 PM NBB releases mortgage on 140 villas in Riffa Views

Bahrain-Mubasher: The National Bank of Bahrain (NBB) has released 140 title deeds belonging to Riffa Views homeowners.The lender earlier reached an agreement with creditors to complete the 212 remaining villas at the housing development.Titles to …

Company News

22 January 2015 07:19 AM NBB recommends BHD 23.52m cash dividend

The Board of National Bank of Bahrain (NBB) has recommended cash dividend and bonus shares of 35% of the capital or BHD 32.92 million.The Board of National Bank of Bahrain (NBB) has also recommended cash dividend of 25% or BHD 23.52 million ($62.5 …

Financial Results

22 January 2015 06:07 AM NBB FY14 profit reaches BHD 53.44m

The National Bank of Bahrain announced its financial results to the Bahrain Bourse (BB) for the fiscal year (FY) ending December 31, 2014, reporting a rise in net profit by 4% to BHD 53.44 million ($142.12 million) against BHD 51.36 million ($136.60 …

Financial Results

5 January 2015 08:08 AM Mumtalakat secures $500m revolving credit facility

Bahrain's Mumtalakat Holding agreed to a $500 million, 5-year revolving credit facility from a number of lenders, reported Sovereign Wealth Fund Institute.The deal was concluded by the end of December 2014.The banks involved in the …

Company News