Wednesday 5 August 2015
 
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Central Bank of Bahrain

BBK backs campaign to support women in banking

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. Th

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CBB treasury bills oversubscribed

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

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GCC to launch new debit card service

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. Bahra

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GCC countries mull credit report programme

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

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Bahrain central bank issues new disclosure rules

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).

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Bahrain mulls solvency rules for Takaful industry

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

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Islamic finance 'facing integration challenge'

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

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CBB takes steps for speedy cheque clearance

The Central Bank of Bahrain (CBB) has announced  key amendments that will help speed up clearing of cheques and reduce the risks of handling them, said a report.   The n

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CBB reviews key banking issues

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

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Takaful industry 'will face big challenges'

The takaful insurance industry faces a number of major challenges as it grows both in the region and across the Islamic world and further afield, said a top official of the Central Bank of Bahrain (CBB). "Corporate governance

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