Company Insights Bank of Bahrain and Kuwait BBKB Banking & Finance Bank of Bahrain and Kuwait Overview The Bank of Bahrain and Kuwait (BBK) was established in 1971 in Bahrain and Kuwait. Shareholders include the public, the Bahraini government and Kuwaiti banks and investment companies. With Tariq Jaleel AlSaffar as the chairman, BBK operates in Bahrain, Kuwait and India and has a representative office in Dubai, UAE. BBK offers retail banking, treasury and investment, corporate banking and international banking. Notable subsidiaries include CrediMax, which specialises in credit card issuing, and Invita, a call centre outsourcing company. A merger between National Bank of Bahrain (NBB) and BBK is expected to be completed in 2025, with Goldman Sachs appointed as financial adviser for the merger. In February 2025 Hong Kong-listed HSBC agreed to sell its retail banking operations in Bahrain to the Bank of Bahrain and Kuwait. The deal includes the transfer of retail loans, deposits and accounts of about 76,000 customers. Bank of Bahrain and Kuwait News Banking & Finance HSBC to sell Bahrain retail banking operations Hong Kong-listed HSBC has agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) as part of a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to Bahrain-bourse listed BBK, which is majority owned by the governments […] February 19, 2025 Banking & Finance Bahrain bank merger to complete in 2025 A merger between National Bank of Bahrain (NBB) and Bank of Bahrain and Kuwait (BBK) is expected to be completed in 2025. Plans to join the two banks were announced to the Bahrain Bourse earlier this year and preliminary proceedings started this month. “Considering that we are almost at the end of this year, I […] November 15, 2024 Opinion Banking & Finance Bahrain bank mergers are good news for the kingdom and the Gulf It is likely that a merger of NBB and BBK would take the new bank into the top 30 April 29, 2024 Posts navigation
Banking & Finance HSBC to sell Bahrain retail banking operations Hong Kong-listed HSBC has agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) as part of a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to Bahrain-bourse listed BBK, which is majority owned by the governments […] February 19, 2025
Banking & Finance Bahrain bank merger to complete in 2025 A merger between National Bank of Bahrain (NBB) and Bank of Bahrain and Kuwait (BBK) is expected to be completed in 2025. Plans to join the two banks were announced to the Bahrain Bourse earlier this year and preliminary proceedings started this month. “Considering that we are almost at the end of this year, I […] November 15, 2024
Opinion Banking & Finance Bahrain bank mergers are good news for the kingdom and the Gulf It is likely that a merger of NBB and BBK would take the new bank into the top 30 April 29, 2024
