Tamkeen, Bahrain’s labour fund, has shifted to an electronic payment system to expedite payments to customers and vendors, who will now receive funds directly into their bank accounts.
The shift to the new system, effective
Ahli United Bank (AUB) has announced that it is completely ready for the launch of International Bank Account Number (IBAN) standard in Bahrain.
This move is in line with Central Bank of Bahrain's directives making the use of IBAN a manda
All commercial banks in Bahrain today (January 31) adopted International Bank Account Numbers (IBAN) on their cheque books, which makes the kingdom the 55th country to join this system.
The system, which combines a country code with a chec
From January 21, 2012, all bank customers in Bahrain need to use an IBAN when making or receiving electronic payments through banks within Bahrain or overseas.
This means a person wishing to make a payment or receive funds, both, locally a
Bahrain-based Ithmaar Bank has urged its customers to start using their International Bank Account Numbers (IBAN) ahead of its scheduled compulsory implementation from January 31, 2012.
In line with Central Bank of Bahrain (CBB) directives
Kuwait Finance House - Bahrain (KFH-Bahrain), a leading financial institution, has implemented the International Bank Account Number (IBAN) system to all customer accounts.
This is the internationally accepted ISO standard numbering system
National Bank of Kuwait (NBK), the leading bank in Kuwait and the highest rated in the Middle East, has urged its customers to get their IBAN (international bank account number) via any of the bank's various delivery channels.