Overview

Last updated 27/10/2008
Country Bahrain
Ownership Private
Ownership Type Listed
Organisation Type Joint-Stock
Sector | Sub sector
  • Financial Services | Commercial Banking
Date of establishment 1957
No of Employees 570
Address PO Box 106
Manama, Bahrain
Phone +973 17 228800
Fax +973 17 228998

Summary

Last updated 27/10/2008

The National Bank of Bahrain (NBB) is Bahrain’s fifth largest company in terms of market capitalisation and the nation’s first locally owned bank. It was incorporated in January 1957 and celebrated its 50th golden jubilee year in 2006. Harnessing 51 years of rich experience in banking, the bank is principally engaged in providing retail and wholesale commercial banking services, treasury and capital market activities, and investment advisory services. In terms of total assets, NBB’s market share comprises 10.2%; deposits stand at 17.9%; and net loans and advances constitute 22.6%.

NBB operates through four divisions - Retail, Business, Treasury & Capital Markets, and Funds & Investments. The Retail banking division focuses on services such as loans, credit cards, deposits and current accounts. The Business banking division targets corporate and commercial finance in Bahrain and the Gulf region. The Treasury & Capital Market segment offers services such as money market, portfolio management and securities trading, while the Funds & Investments division provides investment solutions in mutual funds and capital protected investments. The bank offers these services through a network of 25 branches, 42 automatic teller machines (ATMs) and over 2650 pointof-sale (POS) terminals scattered across the country. National Bank of Bahrain has a total staff of 591, of which over 94% are Bahraini nationals.

Officers

Last updated 18/04/2008
Name Job Title
Abdulla Ali Kanoo Chairman
Abdulrazak Abdullah Hassan Al Qassim Chief Executive Officer
Farouk Yousuf Khalil Almoayyed Deputy Chairman
Zakaria Ahmed Hejres Deputy Chairman

Ownership / Shareholders

Last updated 18/04/2008
Name Country Holding
Public n/a 51.00%
Bahrain Mumtalakat Holding Company Bahrain 49.00%

Affiliates

Last updated 18/04/2008
Name Country Sector Holding
Bahrain Commercial Facilities Company Bahrain Financial Services 10.48%
Esterad Investment Company Bahrain Financial Services 10.10%
Securities and Investment Company Bahrain Financial Services 7.90%
Arab Financial Services (AFS) Bahrain Financial Services 2.37%

Quote

Last 0.59 BHD -0.02 -2.48%
Open 0.59 High/Low 0.59/0.59
Volume 10000 YR High/Low 0.64/0.57


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