Bank of Bahrain and Kuwait B.S.C. (BBK) News - Mubasher Info
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07 March 08:23 PM

Bank of Bahrain and Kuwait B.S.C. (BBK)

Last update: 4 March 11:54 AM market time.
0.51
-0.02
-3.23%
Open 0.51
Previous Close 0.53
High 0.51
Low 0.51
Stock Statistics
Volume 15,213
Turnover 7,758.63
All data are 15 minutes late during market session

News

The BBK would also acquire specific assets of IB Capital,
14 September 2020 03:56 PM BBK, Ithmaar Holding pen acquisition plans agreement
Mubasher: Bahrain and Kuwait Bank (BBK) has inked a Memorandum of Understanding (MoU) with Ithmaar Holding, the parent of Ithmaar Bank, for a potential acquisition of Ithmaar Bank’s Bahrain operations. Under the MoU, the BBK would also …
Mergers and Acquisitions
BBK posted an 11% year-on-year increase in Q2-19 profits
22 August 2019 10:46 AM Bahraini Banks’ profits grow 5% in Q2-19
By: Mohamed Hesham Mubasher: The financial statements of Bahraini banks listed on Bahrain Bourse (BHB) indicated a 4.9% year-on-year increase in profits during the second quarter of 2019. The profits of the period soared to BHD 96.97 million …
Company News
Bahrain and Kuwait Bank (BBK) announced the appointment of Jehad Al-Qabandi as the new CEO for its branch in Kuwait, effective on Sunday, 20 January.
21 January 2019 01:16 PM BBK appoints new CEO for Kuwait’s branch
Mubasher: Bahrain and Kuwait Bank (BBK) announced the appointment of Jehad Al-Qabandi as the new CEO for its branch in Kuwait, effective on Sunday, 20 January. Al-Qabandi has over a 25-year experience in the banking and investment industry and …
Banking and Finance
22 November 2018 02:44 PM Bahrain’s BBK partners with Naseej on mortgage financing
Mubasher: BBK has signed a memorandum of understanding (MoU) with Naseej to launch a strategic partnership agreement through which BBK will provide mortgage financing to the customers of the Canal View project, which is located in Dilmunia Island. …
Real estate
A profit valued at KWD 1.19 million ($3.93 million) will be realised
16 August 2018 05:09 PM Kuwait’s Unicap inks debt settlement deal with BBK
Mubasher: Unicap Investment and Finance has signed an agreement with Bahrain’s BBK to settle its indebtedness that was delayed as on 31 December 2013. The Boursa Kuwait-listed company will repay about KWD 310,700 ($1.03 million) to BBK as …
Banking and Finance
Total revenues increased a year-on-year by 5.4%
23 October 2017 04:26 PM BBK profits slightly rise 0.2% in Q3
Mubasher: Bank of Bahrain and Kuwait (BBK) achieved a marginal growth of 0.2% in profits during the third quarter of 2017 compared to the same period in the prior year. Earnings increased to BHD 12.82 million in Q3-17 compared to BHD 12.8 million …
Financial Results
SICO is considered one of the premier investment banks in the GCC region
16 October 2017 05:08 PM Alba Q3 profits surge backs Bahraini firms’ financials – SICO
Mubasher: The profits registered by the Bahraini companies are expected to increase by 21%, on an annual basis, during the third quarter of 2017, according to a recent report issued by the Securities & Investment Company (SICO). The report …
Sector Reports
Profits reached BHD 16.4 million in the secon quarter of the 2017
17 July 2017 02:22 PM Bahrain and Kuwait Bank profits up 4% in Q2
Mubasher: Bank of Bahrain and Kuwait (BBK) reported a 3.8% increase in profits for the second quarter of the year. The bank said in a statement to the Bahrain Bourse on Wednesday that net profits reached BHD 16.4 million ($43.2 million) compared …
Financial Results
The main index of Bahrain Bourse shed 0.13%
9 June 2017 00:42 PM Bahrain Bourse down in week on services, banks
Mubasher: The main index of Bahrain Bourse shed 0.13% or 1.73 points to reach 1,323.47 points in the week ended 8 June. The services sector fell 0.89%, affected by Seef Properties which went down 0.83%. The commercial banks sector levlled down …
Trading Activities
BBK aims to increase its presence in India
28 May 2017 11:35 AM BBK to raise capital to $45m in India as part of expansion plan
Mubasher: The Bank of Bahrain and Kuwait (BBK) is working on increasing its presence in India as part of an expansion plan which entails hiking its capital to $45 million in the country, Bahraini newspaper Al Watan reported, citing the bank’s CEO …
Companies Investments
Photo Credit: Arabianeye-Reuters
24 April 2017 02:20 PM BBK reports higher profits in Q1
Mubasher: Bank of Bahrain and Kuwait (BBK) achieved a growth of 8% in profits during the first quarter of 2017 when compared to the same period of 2016. The earnings increased to BHD 15.76 million ($41.54 million) in Q1-17 from BHD 14.59 million …
Financial Results
Photo Credit: Arabianeye-Reuters
17 April 2017 11:27 AM BBK confirms participation in $515m loan
Mubasher: Bank of Bahrain and Kuwait (BBK) confirmed providing a credit facility included in a loan worth a total of $515 million, according to a bourse statement issued on Monday. Last week, a website said that Bahrain National Gas Expansion …
Banking and Finance
Photo Credit: Arabianeye-Reuters
29 March 2017 01:52 PM BBK to pay 30 fils/shr dividends
Mubasher: Bank of Bahrain and Kuwait’s (BBK) shareholders approved the board’s recommendation to distribute 30% of capital as cash dividends for fiscal year 2016. The bank will pay a cash dividend of 30 fils per share to the entitled shareholders …
Board of Directors
Ithmaar Holding was the only loser in the banks sector (Photo Credit: Arabianeye-Reuters)
5 March 2017 11:50 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
BBK’s profits during the fiscal year stood at BHD 56.41 million (Photo Credit: Mubasher)
27 February 2017 03:20 PM BBK posts higher profits in Q4
Mubasher: Bank of Bahrain and Kuwait (BBK) posted an increase of 1.7% in profits during the fourth quarter of 2016, as compared to the corresponding period of the previous year. Earnings rose to BHD 13.17 million ($33.8 million) in Q4-16 from BHD …
Board of Directors
Photo Credit: Arabianeye-Reuters
20 February 2017 02:54 PM BBK mulls investments in KSA through unit
Mubasher: Bank of Bahrain and Kuwait (BBK) plans to invest in the Saudi market through its subsidiary CrediMax for credit cards, Al Ayam Newspaper said according to BBK’s CEO, Reyadh Sater. The Bahraini bank is considering the legal procedures …
Companies Investments
(Photo credit: Bank's website)
19 January 2017 00:33 PM BBK opens new branch in Sanad
Mubasher: Bank of Bahrain and Kuwait (BBK) said Thursday that it has opened a new branch in Sanad on Wednesday. BBK Chief Executive, Reyadh Sater, said, “BBK customers inspire the Bank’s decisions to always improve the service and convenience …
Companies Investments
(Photo credit: Bank's website)
9 January 2017 11:47 AM BBK opens 1st representative office in Turkey
Mubasher: Bank of Bahrain and Kuwait (BBK) said Monday that it has inaugurated its first representative office in Istanbul, Turkey, according to a statement. ” Turkey’s international economic status and the increasing mutual trade with Bahrain …
Companies Investments
The main index shed 0.32%- (Photo credit: Arabianeye - Reuters)
28 October 2016 02:14 PM 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
A BBK branch (Photo credit: Bank's official website)
24 October 2016 05:37 PM BBK profits rise 9% in Q3
Mubasher: Bank of Bahrain and Kuwait (BBK) on Monday reported a net profit increase of 9% year-on-year in the third quarter of 2016, according to a bourse filing. The Bahrain-based bank's profit grew to BHD 12 million ($31.62 million) from BHD 11 …
Financial Results
The deal aims to provide financial liquidity to develop ‘Deerat Al Oyoun’ project (Photo Credit: Arabianeye-Reuters)
28 September 2016 03:06 PM Diyar Al Muharraq signs $366m finance deal
Mubasher: Diyar Al Muharraq signed a Murabaha deal worth $366 million with a group of local banks including Al Salam Bank – Bahrain, Kuwait Finance House, Bank of Bahrain and Kuwait, and Al Baraka Islamic Bank of Bahrain, according to a bourse …
Companies Investments
(Photo Credit: the bank's website)
18 July 2016 03:43 PM BBK’s earnings rise 6.5% in H1
Mubasher: Bank of Bahrain and Kuwait (BBK) posted on Monday a net profit of BHD 31.3 million for the first half of the fiscal year 2016, 6.5% up from BHD 29.4 million reached in the same period of 2015. In the second quarter of fiscal 2016, net …
Financial Results
BBK has recently raised its capital by BHD 100 million (Photo Credit: Company website)
15 June 2016 00:16 PM BBK launches representative office in Turkey
Mubasher: Bank of Bahrain Kuwait (BBK) has established a representative office in Turkey, according to a bourse statement. The launching of this new representative office will offer the ability for BBK “to liaise with existing and prospective …
Companies Investments
Photo Credit: Arabianeye-Reuters
4 May 2016 10:54 AM Bahraini bourse inks 2 deals for listing BBK’s securities
Mubasher: Bahrain Bourse (BHB) signed on Tuesday two agreements for listing capital securities of Bank of Bahrain and Kuwait (BBK), according to a recent statement. The deals are for listing BBK’s perpetual tier 1 convertible capital securities, …
Bonds
BBK announced the subscription results and allotment basis (Photo archive)
20 April 2016 11:36 AM BBK announces 86.1% capital subscription
Bank of Bahrain and Kuwait (BBK) said on Wednesday that the subscribed capital securities stood at BHD 86.098 million ($228.36 million), according to a bourse statement. The subscription represented 86.1% of the total subscription offering. “BBK …
Bonds