Latest news with #BahrainDevelopmentBank
Biz Bahrain
3 days ago
- Business
- Biz Bahrain
BDB Launches Third Edition of Leadership Development Programme
Bahrain Development Bank (BDB), the Kingdom's leading bank in supporting small and medium enterprises (SMEs), has announced the launch of the third edition of its Leadership Development Programme. Organised in collaboration with the Institute of Public Administration (BIPA), the three-month programme aims to enhance the efficiency of the Bank's leadership. leadership capabilities of the Bank's high-performing employees. The initiative reflects BDB's ongoing efforts to cultivate a new generation of leaders equipped with strategic foresight and strong executive acumen. Twenty selected employees will take part in a series of intensive workshops centring around strategic problem-solving, project management, and leadership development in the workplace. Through this programme, participants will be equipped with practical tools and techniques to enhance their effectiveness in leadership roles, directly influencing team performance and contributing to the delivery of high-quality services at BDB. Commenting on the occasion, Ms. Hend Mahmood, Chief Human Resources Officer at BDB, stated, 'We believe that investing in human capital is central to sustainable success. This programme reinforces our commitment to developing the leadership potential of our people, which is instrumental in strengthening BDB's position as a key enabler of SME growth in Bahrain.' She further added, 'Our people are the driving force behind our progress. By creating meaningful development opportunities, we are enabling our employees to grow their careers while contributing more effectively to the Bank's strategic goals. The experience and knowledge they gain from this programme will play a pivotal role in elevating our service quality and exceeding customer expectations through innovation and operational excellence.' BDB remains focused on adopting best practices in human resource development and delivering training experiences that support the Bank's broader transformation agenda.
Biz Bahrain
5 days ago
- Business
- Biz Bahrain
BDB Highlights the Impact of Its Farmers Market Initiative in Boosting Local Agriculture and Food Security
Bahrain Development Bank (BDB), the Kingdom's leading bank dedicated to supporting small and medium-sized enterprises (SMEs), has released its latest insights on the impact of its Farmers Market initiative in Hoorat A'ali — a key platform driving local agriculture, empowering Bahraini farmers and families, and enhancing food security. This key initiative plays an essential role in providing direct, year-round access to a diverse selection of fresh, locally produced goods, offering farmers a valuable platform to grow their businesses and increase sales. The Farmers Market initiative reflects BDB's active role in supporting national efforts to boost food security, while also advancing several United Nations Sustainable Development Goals (SDGs) — including: No Poverty, Zero Hunger, Decent Work and Economic Growth, and Partnerships for the Goals. The Farmers Market is considered one of the Kingdom's most successful local initiatives, attracting over 200,000 visitors annually. It features more than 50 kiosks, cafes, and restaurants serving freshly prepared local dishes. The market also supports 21 local farmers, 18 Bahraini productive families, and three commercial ventures, all of which contribute to increased domestic production and stimulate the national economy. Given that Bahrain currently imports around 95% of its food requirements, the Farmers Market plays a crucial role in reducing this dependency by nurturing the local agricultural sector. It also encourages the growth of SMEs, in line with the Kingdom's broader economic vision to achieve sustainable development in agriculture.
Biz Bahrain
20-05-2025
- Business
- Biz Bahrain
BDB Launches Rewards Campaign for New Current Account Holders
Bahrain Development Bank (BDB), the Kingdom's leading financial institution supporting small and medium-sized enterprises (SMEs), has launched a new campaign that rewards entrepreneurs for opening current accounts. The initiative underscores BDB's continued efforts to simplify banking access and enhance financial inclusion for the SME sector. As part of the campaign, five customers who open their BDB current accounts between 18th and 31st May 2025 will be awarded a cash prize of BHD 500 each. Winners will be selected through a draw conducted under the supervision of the Ministry of Industry and Commerce. This initiative forms part of BDB's broader strategy to deliver accessible and flexible banking services that align with the operational needs of SMEs. Customers opening current accounts during the campaign period will also benefit from the tijara platform, which is Bahrain's first end-to-end digital banking solution built exclusively for SMEs. It empowers entrepreneurs with streamlined account management, seamless transactions, and dedicated features that simplify business banking. Commenting on the occasion, Mr. Ali Al Aradi, Chief Banking Officer of BDB said, 'As a key enabler of entrepreneurial growth in the Kingdom, we remain steadfast in our mission to provide SMEs with agile financial solutions that serve their evolving needs. This campaign highlights our ongoing commitment to financial empowerment and aligns with Bahrain's Vision 2030, which aims to diversify the economy and foster digital innovation.' BDB continues to play a vital role in strengthening Bahrain's SME ecosystem through its comprehensive suite of offerings that include tailored financing products, specialised advisory services, and innovative banking solutions. The Bank also seeks to expand strategic partnerships with public and private sector entities that ensure business sustainability and contribute to long-term economic progress.
Zawya
15-05-2025
- Business
- Zawya
Bahrain Development Bank posts 109% net profit growth
Bahrain Development Bank (BDB), the kingdom's leading institution dedicated to supporting small and medium enterprises (SMEs), has announced its financial results for the first quarter of 2025, reporting strong performance and notable growth across key financial indicators. The bank recorded a net profit of BD350,000, compared to BD167,000 during the same period in 2024 – representing an impressive 109 per cent increase year-on-year. BDB's income from Islamic financing and interest rose by 3pc, reaching BD2.49 million, compared to BD2.419m in Q1 2024. Meanwhile, net income from Islamic financing and interest grew by 11pc, totalling BD2.027m versus BD1.822m for the same period last year. Total operating income stood at BD2.776m in Q1 2025, up 20pc from BD2.311m in Q1 2024 - highlighting BDB's continued ability to generate returns and deliver sustainable value. Commenting on the results, Bahrain Development Bank Group chairman Ghassan Ghaleb Abdulaal said: 'This remarkable growth reflects the effectiveness of our resource management strategy and the diversification of our financing portfolio. We continue to enhance our services and products to meet the evolving needs of entrepreneurs and emerging businesses. Our commitment remains strong to providing innovative financial solutions and developing digital tools that keep pace with the rapid changes in the financial sector, while strengthening our governance and sustainability practices.' Bahrain Development Bank Group chief executive Dalal Al Qais added: 'We are proud to have achieved this exceptional performance, with net profits growing by 109pc in the first quarter of the year - exceeding expectations. This milestone is a testament to the ongoing support from our board of directors and the dedication of our entire team, who are the driving force behind the bank's success. We reaffirm our commitment to fostering an enabling financing environment that empowers the SME sector and drives economic development.' Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Bahrain This Week
16-03-2025
- Business
- Bahrain This Week
BDB Executives Accepted into Harvard Executive Leadership Programme
Bahrain Development Bank (BDB) is pleased to announce that two of its executives, Khaled Mahmood, Head of Operations, and Dalal Mirza Ahmed, Head of MIS Reporting and Budgeting, have been accepted into the renowned Harvard Executive Leadership Programme. The globally recognised development programme offers an extensive curriculum that aims to enhance leadership acumen, strategic thinking, and global perspectives. Participants get the chance to engage with a distinguished faculty and a diverse cohort of professionals, gaining invaluable knowledge to drive excellence within their organisations. A launch ceremony, which was attended by BDB's Group Chief Executive Officer Ms. Dalal Al Qais and Chief Human Resources Officer Ms. Hend Mahmood, marked the commencement of this enriching journey. Their presence underscored the Bank's steadfast focus on fostering meaningful educational opportunities that not only cultivate personal growth but also contribute to the Bank's sustained progress.
