National Bank of Bahrain
Bank in Bahrain
From Wikipedia, the free encyclopedia
National Bank of Bahrain (NBB) is a Bahraini public shareholding bank that provides retail and wholesale commercial banking services, treasury and investment activities, and investment advisory services.[4] The bank is licensed by the Central Bank of Bahrain as a conventional retail bank and is headquartered in Manama, Bahrain.[4] Its shares are listed on the Bahrain Bourse.[4] It has overseas branches in Abu Dhabi and Riyadh.
 | |
Company type | Public |
|---|---|
| BHSE:NBB | |
| Industry | Banking Financial services Investment services |
| Founded | 1957[1] |
| Headquarters | , |
Area served | Bahrain |
Key people | Hala Ali Hussain Yateem (Chairperson) |
| Products | Finance and insurance Consumer Banking Corporate Banking Investment Banking Investment Management Global Wealth Management Private Equity Mortgages Credit Cards |
| Revenue |  $277.84 million (2017)[2] |
| $190.10 million (2017)[2] | |
| $162.25 million (2017)[2] | |
| Total assets | $8.249 billion (2017) |
| Total equity | $1.191 billion (2017)[2] |
Number of employees | 761 [1] |
| Website | NBBOnline.com |
| Footnotes / references [3] | |
History
The bank was incorporated in January 1957 by an Amiri decree in the Kingdom of Bahrain.[4] NBB states that it was established as Bahrain's first locally owned bank.[5][6]
In January 2020, NBB announced the successful completion of its offer to acquire up to 100% of the issued ordinary shares of Bahrain Islamic Bank, increasing its holding to 78.8% from a pre-transaction stake of 29.06%.[7][8]
Ownership
Bahrain Mumtalakat Holding Company (Bahrain) 49%, The Pension Fund Commission (Bahrain) 6.24%.
