Skip navigation links
Press Releases
News from Turkey
Publications
Upcoming Tenders
Links
Videos
Newsletter Subscription
This page is print preview page.
Click here to return to the page.
Print page
News
 
Bank of Bahrain & Kuwait opens a representative office in Istanbul 
01.07.2016

AA – Turkey’s Banking Regulation and Supervision Agency granted Bank of Bahrain & Kuwait (BBK) permission to open a representative office in Turkey in June 2016. BBK has a diversified shareholder structure that includes citizens of the Kingdom of Bahrain, the Kuwait Investment Authority, and the Pension Fund of Bahrain. BBK’s shares are listed on the Bahrain Bourse.

 

The bank’s total assets stood at USD 9.6 billion as at 31 December 2015, an increase of 4.3 percent over the USD 9.2 billion recorded in the previous year. Equity of the bank stood at USD 957 million at the end of 2015 (2014: USD 952 million). 

 

Headquartered in Bahrain, the bank has presence in Kuwait, India, and United Arab Emirates. Operating in retail and commercial banking, BBK has obtained the necessary authorizations and licenses from the regulatory bodies in both Bahrain and Turkey to open a representative office in Istanbul. Through this office the bank will be able to liaise with prospective clients, financial institutions, and local enterprises in Turkey that are involved in trade with Bahrain and the GCC.

 

The bank recently raised its Tier 1 capital by USD 265 million, which will provide the base to fund its strategic expansion plans, which include Turkey.

16.07.2019 The Turkish Nation Rallied in Ankara and İstanbul to Commemorate the 3rd Anniversary of July 15
10.07.2019 Turkey Unveils the 11th Development Plan
05.07.2019 NGN Group Opens Data Center in Istanbul
21.06.2019 “Future of the Automotive Industry” Workshops Convene in USA
03.06.2019 Turkey Adds 1 GW to its Renewable Energy Capacity
24.05.2019 Rebalancing and Rebounding Process Continue in The Turkish Economy
10.05.2019 Reform Action Group Meets First Time Under Chairmanship of President Erdoğan
01.05.2019 YOIKK Holds its First Meeting with New Structure
18.04.2019 ATC Annual Conference Convenes in Washington D.C.
12.04.2019 Turkey Inaugurates New Structural Reforms
<<
1 2 3 4 5 6 7 8 9 10
>>