BBK BSC (BBK)

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …