Latest news with #CentralBankofBahrain
Zawya
2 days ago
- Business
- Zawya
CBB 12 Month Treasury Bills issue no. 130 fully subscribed
Manama, Bahrain - This week's BD 100 million issue of Government Treasury Bills has been fully subscribed by 100%. The bills, carrying a maturity of 12 months, are issued by the CBB, on behalf of the Kingdom of Bahrain. The issue date of the bills is 17th July 2025, and the maturity date is 16th July 2026. The weighted average rate of interest is 5.39% compared to 5.28% of the previous issue on 19th June 2025. The approximate average price for the issue was 94.833% with the lowest accepted price being 94.732%. This is issue No. 130 (ISIN BH0007179565) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
CBB Treasury Bills oversubscribed by 144%
This week's BD 70 million issue of Government Treasury Bills has been oversubscribed by 144% The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB), on behalf of the Government of the Kingdom of Bahrain. The issue date of the bills is July 16, and the maturity date is October 15. The weighted average rate of interest is 5.39% compared to 5.42% of the previous issue on July 2. The approximate average price for the issue was 98.656% with the lowest accepted price being 98.641%. This is issue No.2077 (ISIN BH0002A1T4A3) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion.
Zawya
7 days ago
- Business
- Zawya
National Bank of Bahrain opens tier 3 certified data centre
Bahrain - The National Bank of Bahrain (NBB) has officially opened its newly revamped data centre, solidifying the bank's digital infrastructure. NBB is now the first and only bank in Bahrain to have designed, built and operated its own Uptime Institute Tier 3 certified Data Centre, a distinction that signifies adherence to the highest international standards for operational reliability and infrastructure quality. The inauguration follows an 18-month strategic infrastructure transformation, supported by the Central Bank of Bahrain. This initiative involved modernising legacy systems and completing over eight phased migration activities, demonstrating what NBB called 'best-in-class risk management and execution.' The seamless transition of the bank's digital ecosystem has resulted in a Tier 3 certified facility, meeting top international standards for security, sustainability, and operational excellence. Commenting on the milestone, NBB Group chief executive Usman Ahmed said, 'The new data centre represents NBB's continued investment in infrastructure that delivers long-term resilience.' He added that it strengthens the bank's operational backbone while advancing its ESG goals by embedding energy-optimised technology directly into its core infrastructure. 'Delivering a transformation of this scale required synchronised execution from teams working across multiple phases to ensure a smooth transition,' Mr Ahmed said. 'Every aspect of this major project was guided by a commitment to providing a frictionless and stable experience for customers. We are incredibly proud of what the NBB team and its partners have built together.' NBB stated its continued focus on digital innovation and operational excellence, reinforcing its role in enhancing service delivery standards within Bahrain's banking sector. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Daily Tribune
7 days ago
- Business
- Daily Tribune
BENEFIT Sharpens Bahrain's Fintech Edge with AI
TDT| Manama Bahrain's national payments leader BENEFIT has unveiled a bold AI-driven roadmap for 2025-2026, signalling a strategic push to reinforce the Kingdom's fintech leadership with cutting-edge payment services and SME-first innovations. Announced during the Central Bank of Bahrain's 'FS Horizons: Doubling Down on Digital' event, the new strategy prioritises secure, efficient, and inclusive financial infrastructure while integrating artificial intelligence, data monetisation, and cross-border interoperability. AI and SME focus Among the key pillars of the plan are partnerships with artificial intelligence firms to enhance payment systems, customised tools for small and medium-sized enterprises, and expansion of real-time international payment capabilities through regional collaborations. BENEFIT also aims to drive regional competitiveness by enhancing its data monetisation strategy and delivering seamless customer experiences that adapt to evolving financial behaviour. Regional ambitions The strategy includes a strong international component, with the company preparing to launch its services in select overseas markets. This move is expected to position Bahrain as an exporter of fintech infrastructure and innovation. During the announcement, Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services at BENEFIT, said the roadmap builds on Bahrain's strong digital base. She highlighted a major milestone from 2024, with instant payment usage reaching 23 transactions per person per month. Future outlook Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, said the new strategy reflects the company's commitment to advancing Bahrain's digital financial landscape while fostering a cashless economy and nurturing fintech talent. He emphasised the importance of an integrated ecosystem tailored to both individual and institutional needs. The roadmap's rollout is expected to bolster Bahrain's fintech credentials and inspire further digital transformation across the region.
Biz Bahrain
7 days ago
- Business
- Biz Bahrain
BENEFIT Unveils Visionary Roadmap to Advance Digital Payments
BENEFIT, the Kingdom's innovator and leading company in Fintech and electronic financial transactions service, unveiled its strategic roadmap for 2025-2026, introducing a range of exclusive and high-impact offerings. These include new payment services and features aimed at enhancing user experience, tailored payment solutions designed specifically for SMEs, as well as the facilitation of cross-border instant payment interoperability via strategic collaborations with regional and neighboring countries. BENEFIT's strategy aims to accelerate corporate growth by developing partnerships with artificial intelligence firms and enhancing data monetization. The strategy also outlines plans for international expansion, with BENEFIT poised to offer its services in select global markets to reinforce its role as a key enabler of digital transformation across the financial services landscape. Mr. Abdulwahed AlJanahi, Chief Executive of BENEFIT, commented, 'We are pleased to unveil BENEFIT's strategic roadmap for 2025 and 2026, which reflects the company's leading role in advancing the digital financial landscape in Bahrain and across the region. This strategy is driven by our commitment to delivering secure and efficient payment solutions, expanding a network of high-impact partnerships, enhancing financial services infrastructure, promoting a cashless economy, and supporting the development of emerging talent in the fintech sector. These efforts form part of a broader vision to build an integrated ecosystem of innovative solutions tailored to the evolving needs of individuals and institutions alike.' The strategy was announced by Ms. Shafaq Al Kooheji, Assistant General Manager of Payment Services-BENEFIT Company, during her participation at FS Horizons: Doubling Down on Digital event, hosted by the Central Bank of Bahrain in partnership with the Bahrain Economic Development Board. During the session, Ms. Al Kooheji outlined BENEFIT's strategy, highlighting advancements it brings to the digital payments' ecosystem, and also presented key milestones achieved by the company, notably the increase in instant payment activity, which reached 23 transactions per individual per month in 2024.
