What is the full form of BBK?
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What is the full form of BBK?
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The full form of BBK is the Bank of Bahrain and Kuwait. BBK is a leading commercial bank over the last 41 years in Bahrain. It was founded in 16th March 1971 in both the Kingdom of Bahrain and the State of Kuwait with accordance with the Amiri decree and headquartered in Manama, Bahrain. BBK takes part in the arrangement of different administrations and banking items all through its branches in Bahrain, Kuwait and India just as its delegate office in Dubai, United Arab Emirates.
Key people of BBK
Murad Ali Murad-(Chairman)
Reyadh Yousif Sater- (CEO)
About BBK
1. Bank of Bahrain and Kuwait is one of the largest commercial banks in the Kingdom of Bahrain.
2. They started operation with the capital of 1 million Bahraini dinars (BD) and now grown to have a capital base of 303.9 million BD.
3. The concept of Financial mall was originated by BBK in 2006, which turned into an umbrella under which accomplices, for example, CrediMax Mastercards, travel and protection needs just as media transmission administrations could fall.
4. The main moto of Financial mall is to provide easy customer services with personal finance advisors and automated systems to the customers.
Products offered by BBK
1.Consumer Banking
2. Investment Management
3. Finance and insurance
4. Global Wealth Management
5. Car loan
6. Investment Banking
7. Corporate Banking
8.Credit Cards
9.Private Equity
Shareholders of BBK
1. Ithmaar Bank B.S.C - 25.38%
2. Pension Fund Commission- 18.77%
3. Kuwait Investment Authority -18.70%
4.Social Insurance Organisation -13.34%
Operational area of BBK
The Bank of Bahrain and Kuwait operations are divided into four major categories which focus on customers different needs and requirements.
Retail Banking Retail banking target customers regarding credit facilities, fund transfers, credit cards, foreign exchange, deposits and consumer finance loans and overdrafts.
Treasury and InvestmentIt deals in the money market, trading and treasury services, and fund management
Corporate banking The Corporate banking division dealing different section which provides different income sources. such as bill/cheque discounting, over drafting, loans and term lending, and non-fund based facilities like the Letter of Credits and Guarantees.
International BankingThe International banking division provide financial liquidity requirements from international and capital markets and offers loans and credit services for international corporates and customers. It is operational in Dubai, Turkey and India.
Awards
1.The 2009 accolade for 'Banker of the Year' was granted to the Bank of Bahrain and Kuwait's Chief Executive, Abdulkarim Bucheery as the World Finance Awards.
2. In 2009 BBK won the award for excellence in Corporate Governance practices.
3. BBK won eContent Award in the e-Business category for three years from 2007-2009
4. In 2013 BBK won Quality Recognition award by JP Morgan Chase.
