NBB Wins MEED's MENA Banking Excellence Awards in 2025
The MEED awards reflect NBB's strategic focus on innovation, customer-centricity, and operational excellence, delivering measurable impact across key growth segments. The Bank remains committed to strengthening Bahrain's financial landscape through its purpose-driven strategy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bahrain This Week
a day ago
- Bahrain This Week
NBB's EVOLVE 2025 Program Transitions from Schools to Universities
The National Bank of Bahrain (NBB) has concluded the School segment of its 2025 EVOLVE summer internship programme and officially commenced the next phase for university students. During the first leg of this year's programme, 75 high school students took part in two weeks of classroom-based learning, followed by two weeks of on-the-job training where they applied their acquired knowledge in real-world professional scenarios. The EVOLVE University segment, which commenced on 10th August, builds on this foundation by offering 76 university students deeper exposure to NBB's specialised business areas and more industry-relevant training. Participants will continue to benefit from the Bank's integrated approach, which combines technical and soft skills development with mentorship and practical exposure through structured placements across the organisation.
Daily Tribune
2 days ago
- Daily Tribune
NBB reports record net profit attributable to the shareholders for six months ended 30 June 2025
Manama National Bank of Bahrain B.S.C. (NBB) has reported a 2% increase in its net profit attributable to shareholders reaching BHD 19.4 million (USD 51.5 million) for the second quarter ended 30 June 2025, compared to BHD 19.1 million (USD 50.7 million) in the same period of 2024. The increase is supported by the Group's diversified revenue streams including fee-based income which registered a 45% growth, gains from client-related activities and lower provisioning requirements. Earnings per share increased to 9 fils (USD 2 cents) for the second quarter of 2025 compared with 8 fils (2 cents) in the same period of 2024. Total comprehensive income attributable to NBB's shareholders for the quarter decreased by 28% to BHD 13.9 million (USD 36.9 million) compared to BHD 19.4 million (USD 51.5 million) in the same period 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Year-to-date NBB has reported a 2% increase in its net profit attributable to the shareholders for the six months ended 30 June 2025, recording BHD 47.5 million (USD 126.0 million) compared to BHD 46.6 million (USD 123.6 million) for the same period of 2024. The increase was driven by higher operating income supported by stable operating expenses. Earnings per share remained at 21 fils (USD 6 cents) compared with the same period in 2024. Total comprehensive income attributable to NBB's shareholders for the period decreased by 33% to BHD 34.3 million (USD 91.0 million) compared with 51.4 million (USD 136.3 million) in 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Balance sheet The Group's total equity attributable to shareholders decreased by 4% as of 30 June 2025 to BHD 560.4 million (USD 1,486.5 million) compared to BHD 583.8 million (USD 1,548.5 million) reported as of 31 December 2024. The change is mainly a reflection of the Group's proactive distribution of value to its shareholders following the approval and declaration of BHD 56.4 million in year-end cash dividends for 2024, while maintaining a robust capital position. The Group's total assets increased by 8% during the period to BHD 5,967.7 million (USD 15,829.4 million) compared to BHD 5,522.2 million (USD 14,647.7 million) recorded on 31 December 2024. Interim dividends Following the Group's strong performance, the Board of Directors proposed an interim cash dividend amounting to BHD 22.6 million which represents 10% of share nominal value, equivalent to 10 fils per share. The payment is subject to regulatory approval. On the occasion, Mrs. Hala Yateem, Chairperson of NBB said, 'NBB has maintained a strong financial performance in the first half of 2025, registering an attributable net profit of BHD 47.5 million, an increase of 2% compared to the same period last year, and a record result for the first six months of any year. This growth was underpinned by a robust balance sheet, with total assets up 8% from the year-end level. Following this sustained positive trajectory, the Board has approved an interim cash dividend of 10%, underscoring our ability to deliver consistent returns to shareholders. Our return on average equity of 16.9% further highlights the Group's financial resilience. Beyond the financial metrics, we remain focused on supporting the national developmental agenda through continued investments in community-focused and ESG-driven initiatives. Our progress so far reflects the strength of our current market position as we move into the second half of the year.' Usman Ahmed, Group Chief Executive Officer of NBB commented, 'Our operating profit for the first six months of 2025 reached BHD 53.6 million, representing a 4% increase over the same period last year. A growth of 8% in total assets and 5% in customer deposits indicates the strength of our balance sheet and the continued trust of our clients. These results additionally showcase how we continue to enhance our service quality and broaden our social contributions with work that has garnered industry acclaim. During the second quarter of the year, NBB received the Euromoney Awards for Excellence for 'Best Bank in Bahrain', 'Best Bank for ESG', and 'Best Bank for Corporate Responsibility' for our standout financial performance, digital transformation initiatives and customer-centricity. We were also named the 'Best Retail Bank – Bahrain' and 'Best Payment Ecosystem Integration for Corporates' at MEED's MENA Banking Excellence Awards.
Biz Bahrain
3 days ago
- Biz Bahrain
NBB REPORTS RECORD NET PROFIT ATTRIBUTABLE TO THE SHAREHOLDERS FOR THE SIX MONTHS ENDED 30 JUNE 2025
National Bank of Bahrain B.S.C. (NBB) has reported a 2% increase in its net profit attributable to shareholders reaching BHD 19.4 million (USD 51.5 million) for the second quarter ended 30 June 2025, compared to BHD 19.1 million (USD 50.7 million) in the same period of 2024. The increase is supported by the Group's diversified revenue streams including fee-based income which registered a 45% growth, gains from client-related activities and lower provisioning requirements. Earnings per share increased to 9 fils (USD 2 cents) for the second quarter of 2025 compared with 8 fils (2 cents) in the same period of 2024. Total comprehensive income attributable to NBB's shareholders for the quarter decreased by 28% to BHD 13.9 million (USD 36.9 million) compared to BHD 19.4 million (USD 51.5 million) in the same period 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Year-to-date NBB has reported a 2% increase in its net profit attributable to the shareholders for the six months ended 30 June 2025, recording BHD 47.5 million (USD 126.0 million) compared to BHD 46.6 million (USD 123.6 million) for the same period of 2024. The increase was driven by higher operating income supported by stable operating expenses. Earnings per share remained at 21 fils (USD 6 cents) compared with the same period in 2024. Total comprehensive income attributable to NBB's shareholders for the period decreased by 33% to BHD 34.3 million (USD 91.0 million) compared with 51.4 million (USD 136.3 million) in 2024. The decrease is attributable to the negative mark-to-market movements of the equity and bond portfolios. Balance sheet The Group's total equity attributable to shareholders decreased by 4% as of 30 June 2025 to BHD 560.4 million (USD 1,486.5 million) compared to BHD 583.8 million (USD 1,548.5 million) reported as of 31 December 2024. The change is mainly a reflection of the Group's proactive distribution of value to its shareholders following the approval and declaration of BHD 56.4 million in year-end cash dividends for 2024, while maintaining a robust capital position. The Group's total assets increased by 8% during the period to BHD 5,967.7 million (USD 15,829.4 million) compared to BHD 5,522.2 million (USD 14,647.7 million) recorded on 31 December 2024. Interim dividends Following the Group's strong performance, the Board of Directors proposed an interim cash dividend amounting to BHD 22.6 million which represents 10% of share nominal value, equivalent to 10 fils per share. The payment is subject to regulatory approval. Commentary On the occasion, Mrs. Hala Yateem, Chairperson of NBB said, 'NBB has maintained a strong financial performance in the first half of 2025, registering an attributable net profit of BHD 47.5 million, an increase of 2% compared to the same period last year, and a record result for the first six months of any year. This growth was underpinned by a robust balance sheet, with total assets up 8% from the year-end level. Following this sustained positive trajectory, the Board has approved an interim cash dividend of 10%, underscoring our ability to deliver consistent returns to shareholders. Our return on average equity of 16.9% further highlights the Group's financial resilience. Beyond the financial metrics, we remain focused on supporting the national developmental agenda through continued investments in community-focused and ESG-driven initiatives. Our progress so far reflects the strength of our current market position as we move into the second half of the year.' Usman Ahmed, Group Chief Executive Officer of NBB commented, 'Our operating profit for the first six months of 2025 reached BHD 53.6 million, representing a 4% increase over the same period last year. A growth of 8% in total assets and 5% in customer deposits indicates the strength of our balance sheet and the continued trust of our clients. These results additionally showcase how we continue to enhance our service quality and broaden our social contributions with work that has garnered industry acclaim. During the second quarter of the year, NBB received the Euromoney Awards for Excellence for 'Best Bank in Bahrain', 'Best Bank for ESG', and 'Best Bank for Corporate Responsibility' for our standout financial performance, digital transformation initiatives and customer-centricity. We were also named the 'Best Retail Bank – Bahrain' and 'Best Payment Ecosystem Integration for Corporates' at MEED's MENA Banking Excellence Awards. Our team remains committed to consistently delivering exceptional customer experiences and sustainable growth across the Group.'
