Thursday 17 April 2014
Social Insurance Organisation

BisB eyes growth after stake buy by NBB

Bahrain Islamic Bank (BisB) is looking towards rebounding to profitability and growth in a short time, following the strategic stake acquisition by National Bank of Bahrain and Social Insurance Organisation (SIO), a senior official said.


Bahrain raises minimum pension to $730

The least pension paid to the retired from the public and private sectors in Bahrain starting August 28 will be BD275 ($730), which includes the newly launched BD75 monthly allowance, said a senior official. This would be an increase from


Bahrain SIO swings to profit

Bahrain's Social Insurance Organisation (SIO) has posted a remarkable turnaround in its financial results with a profit of BD34 million last year compared to a BD126 million loss in 2008. SIO is the government body, which handles pensi


New firm to manage Bahrain's SIO assets

Bahrain's Social Insurance Organisation (SIO) is to set up a company to manage its assets worth BD3 billion ($8 billion), it has been revealed. The new asset management company will be supervised by the Central Bank of Bahrain (CBB), s


BBK on a major expansion drive

BBK, one of the largest retail banks in Bahrain, is pushing ahead with a major expansion strategy that will see it expand overseas, launch its own Islamic bank and move into equity investment. The bank is undergoing a strategic transformat


Bahrain social insurance assets hit $8bn

The  total assets of Bahrain's Social Insurance Organisation's (SIO) are now valued at BD3 billion ($8 billion), it was revealed. The assets mark investments from both the General Organisation for Social Insurance (Gosi) and the Pens

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