Thursday 23 October 2014
 
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CBB

Bahrain cbank’s short-term bond oversubscribed 315pc

The Central Bank of Bahrain (CBB) has said its monthly issue of short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed 315 per cent. The subscriptions worth BD63 million ($166.1 million) were received for the BD

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Lost money in mis-sold deals? Hope at last!

Anyone in Bahrain who has ever lost money on an investment product that had not been pre-approved by the Central Bank of Bahrain (CBB) could now be able to claim it following a landmark ruling by the High Civil Court.  

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Bahrain banks told to replace old cheques

The Central Bank of Bahrain (CBB) has directed retail banks to expedite replacing their customers’ old design cheques with new cheques which contain new standards and specifications. The directive is in line with the cheque

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CBB issues F1 10th anniversary coin, medal

The Central Bank of Bahrain (CBB) has issued a coin and silver medal to celebrate the 10th anniversary of the launch of Formula 1 in the kingdom, which will be held this year from April 4 to 6.   The silver medal

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Consolidation push paying off for Bahrain banks

The Central Bank of Bahrain (CBB) has encouraged banking consolidation, which to date has resulted in the merger of 10 banks, creating stronger and well-capitalised financial institutions, said CBB Governor Rasheed Al Maraj. Al Ma

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Fake notes fears allayed in Bahrain

Fears that counterfeit bank notes are in circulation have been allayed by the Central Bank of Bahrain (CBB). It issued a statement yesterday in response to public concern about the “soundness of notes” in the system, s

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CBB unveils new rules for microfinance firms

The Central Bank of Bahrain (CBB) has released a new set of rules specifically tailored for microfinance institutions.   The rules for microfinance institutions are part of the Volume 5 of the CBB Rulebook, developed specific

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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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Experts to discuss Takaful stability in ME

More than 250 leading players, key regulators and thought leaders in the regional Islamic insurance industry will be in Bahrain for a major conference where new ways to tackle fundamental challenges in the regional Takaful industry will be discu

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Bahrain banks' profit balloons to $1bn in Q1

The combined net profits of Bahrain’s banks nearly doubled to $1.1 billion in the first three months of this year, compared to $427 million in cumulative profits during the same period last year, said a report. The rebound i

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