National Bank of Bahrain

Key details

• Parent: assets
• Launch: 1957

Overview

National Bank of Bahrain is Bahrain Bourse: NBB + Bahraini commercial bank + Bahrain Mumtalakat Holding Bahrain sovereign wealth fund ~44%+ controlling + Social Insurance Organization Bahrain ~10%+ + Bahraini retail + institutional + foreign investors free float + Bahrain's largest commercial bank by assets + founded 1957 as Bahrain's first locally-owned commercial bank [1, bh-cro].

History

1957 — National Bank of Bahrain NBB founded as Bahrain's first locally-owned commercial bank distinctive Bahraini banking heritage.

2014 — NBB Mobile Banking app launch.

Jan 2020 — NBB acquires Bahrain Islamic Bank BISB for ~$220M consolidating Bahraini banking.

Ownership & operator

Operating entity: National Bank of Bahrain NBB (Bahraini commercial bank; Bahrain Bourse: NBB).

Major shareholders: Bahrain Mumtalakat Holding (Bahrain sovereign wealth fund) ~44%+ controlling + Social Insurance Organization Bahrain ~10%+ + Bahraini retail + institutional + foreign investors free float.

Regulators: CBB Central Bank of Bahrain + national regulators across 5+ countries.

Technical integration

NBB Mobile Banking app (iOS + Android) + nbbonline.com online + NBB branch network across Bahrain + Saudi Arabia + UAE + Kuwait + UK international branches + NBB Visa + Mastercard cards; BH IBAN + Benefit BH (Bahrain national debit card + EFTPOS + ATM network).

Implementations & partners

NBB subsidiary: [[bahrain-islamic-bank]] (Bahrain Islamic Bank BISB; National Bank of Bahrain Islamic banking subsidiary post-Jan 2020 ~$220M acquisition).

Major Bahraini banking + payments competitors: [[ahli-united-bank-bahrain]] (Ahli United Bank AUB; Bahrain Bourse: AUB; Bahraini commercial bank; Kuwait Finance House KFH Kuwaiti parent ~96.7% controlling post-Oct 2 2022 ~$11.6B acquisition) + [[arab-banking-corporation]] (Arab Banking Corporation Bank ABC; Bahrain Bourse: BANB; Bahraini international commercial banking group + 25+ countries operations + Central Bank of Libya + Government of Abu Dhabi sovereign wealth fund controlling) + [[albaraka-bahrain]] (Al Baraka Banking Group Bahrain; Bahrain Bourse: BARKA; Bahraini Islamic banking group) + [[ithmaar-bank]] (Ithmaar Bank; Bahrain Bourse: ITHMR; Bahraini Islamic bank) + [[khaleeji-commercial-bank]] (Khaleeji Commercial Bank KHCB; Bahrain Bourse: KHCB; Bahraini Islamic bank) + [[credimax-bahrain]] (CrediMax Bahrain credit card scheme + payment processor).

Regulators: CBB Central Bank of Bahrain + national regulators across 5+ countries.

Status

Active, Bahrain Bourse:NBB + Bahraini commercial bank + Bahrain Mumtalakat Holding Bahrain sovereign wealth fund ~44%+ controlling + Social Insurance Organization Bahrain ~10%+ + Bahraini retail + institutional + foreign investors free float + Bahrain's largest commercial bank by assets + founded 1957 as Bahrain's first locally-owned commercial bank [1, 2].

Sources

• 1 NBB — official
• 2 NBB — Wikipedia
• bh-cro In-corpus: reports/countries/BH-bahrain.md

Source

Biography extracted from nbb-bank.md. See matrix.md for standards-support matrix if present.