The Bahrain insurance market posted a growth of 5 per cent during 2014 over the previous year, with gross premiums/contributions registering BD270.76 million ($777 million), according to figures released by the Central Bank of Bahrain.
BBK has signed up as the lead empowerment sponsor for a year-long campaign launched by Central Bank of Bahrain (CBB), in cooperation with the Supreme Council for Women (SCW) to promote the role of women in the financial sector.
The Central Bank of Bahrain (CBB) said that this week’s BD70 million ($185.6 million) issue of government treasury bills has been fully subscribed by 228 per cent.
The bills, carrying a maturity of 91 days, are issued
An integrated point of sale (POS) service that aims at facilitating purchases using debit cards within the GCC region through all POS terminals will be launched on Thursday, said a top Central Bank of Bahrain (CBB) official.
A plan to set up a joint credit information exchange programme that will minimise risks on the GCC financial system has been supported by Saudi Arabia, Kuwait and Bahrain, a report said.
A number of firms and families have been he
All licensed financial institutions in Bahrain will be required to publicly disclose their risk profile, risk management, capital adequacy, capital instruments and remuneration practices, under new rules by the Central Bank of Bahrain (CBB).
The Central Bank of Bahrain (CBB) has drafted new enhanced framework for the Takaful and Retakaful industry aimed at strengthening the solvency position of the firms, enhancing operational efficiency of the business, and safeguarding the interes
The biggest challenge in the development of Islamic finance is the need for integration within the global architecture, a top regulatory official said.
Central Bank of Bahrain executive director for banking supervision Khalid Hama
The Central Bank of Bahrain (CBB) and the newly-elected board for the Bahrain Association of Banks (BAB) had their first meeting yesterday, chaired by CBB Governor Rasheed Al Maraj.
The meeting discussed several open consultation papers