Latest news with #NBB
Daily Tribune
3 hours ago
- Business
- Daily Tribune
NBB Named Best Bank in Bahrain at Euromoney Awards for Excellence 2025
And Additionally Recognised for Outstanding Leadership in ESG and Corporate Responsibility The National Bank of Bahrain (NBB) has been named Best Bank in Bahrain at the 2025 Euromoney Awards for Excellence for its standout financial performance, digital transformation initiatives and customer centric approach throughout the past year. The Bank was also honoured as Best Bank for ESG and Best Bank for Corporate Responsibility, reaffirming its role as a national leader in responsible banking and meaningful community investments. Commenting on the occasion, Usman Ahmed, Group Chief Executive Officer of NBB stated, 'The recognition as Bahrain's Best Bank is the result of a focused strategy, with execution rooted in robust governance, innovation-led banking, and a pledge to contribute to national development. We continue to build on our legacy by enhancing client offerings through digitalisation, integrating sustainability into our business at every level and expanding regionally. These awards reflect the collective efforts of our team, who remain passionate about pursuing excellence across all aspects of the NBB Group's operations." For his part, Ben Naylor, Global Head of Research at Euromoney, remarked, 'NBB achieved strong growth with a 7% rise in assets and 11% increase in profits. The Bank advanced its digital transformation agenda, expanded sustainably, and launched Bahrain's first Bitcoin-linked investment product. Strategic execution boosted lending by 16%, while its continued emphasis on sustainability and innovation is helping reshape Bahrain's banking sector. NBB's diverse initiatives encompass CSR, employee engagement, and community support. In 2024, the Bank backed vulnerable groups, supported youth sports and education, launched a donations fund for urgent needs, and led notable environmental efforts. They also inaugurated a LEED Platinum-certified branch, launched a new Sustainable Management Committee, and recorded major energy and emissions reductions, demonstrating a firm commitment to ESG principles. These efforts were complemented with the financing of key social infrastructure, leading Bahrain's first sustainability-linked interest rate swap, advancing sustainable finance and governance standards.' The Bank's innovation-driven ethos remained a defining strength throughout the year, with an 84% increase in newly onboarded retail customers via digital channels and a 23% increase in digitally registered users. NBB launched a host of solutions that serve the dynamic needs of its business as well as consumer banking segments. Further expanding its consumer banking proposition to cater to younger customer demographics, the Bank introduced the Yalla Family Account. The product is offered as part of the NBB Digital Banking app to instil responsible spending habits among the youth, while allowing parents to onboard their children and manage their accounts directly through the digital experience. Staying ahead of the trends shaping global financial markets, NBB also introduced the GCC's first Bitcoin-linked structured investment product. The offering is designed for accredited investors and provides them with capital-protected exposure to Bitcoin's performance, thereby marking a pioneering investment solution that combines innovation with risk management. For its business clientele, the Bank delivered DigiCorp, a revamped corporate banking platform that offers secure and efficient financial management. Complementing DigiCorp were DigiConnect, a new host-to-host integration solution designed to streamline payment and reconciliation processes for large corporates, and the Enterprise Liquidity Management Solution (eLMS), which helps clients optimise balances, pool funds from different accounts, and manage daily liquidity. Additionally, NBB Go, Bahrain's first SoftPOS (Software Point-of-Sale) solution, enabled small merchants to use their NFC-enabled Android smartphones to securely accept payments. Together, these three Euromoney Awards for Excellence further reinforce NBB's purpose-driven vision that is redefining modern banking and reinforce its position as Bahrain's leading financial institution.
Biz Bahrain
2 days ago
- Business
- Biz Bahrain
NBB Group First in Middle East & Africa Region to Activate Wire 365 from J.P. Morgan Payments
The National Bank of Bahrain Group (NBB Group), comprising the National Bank of Bahrain (NBB) and Bahrain Islamic Bank (BisB), has today announced it is the first in the Middle East and Africa region to use J.P. Morgan Payments' Wire 365 solution, which offers USD clearing services 365 days a year and enables continuous access to real-time cross-border payments. Wire 365 provides financial institutions, corporates, and their high-net-worth individual clients requiring high-frequency USD disbursements to process same day value settlements for beneficiaries within the J.P. Morgan Payments network. The solution also eliminates traditional cut-off time constraints, enhances liquidity management and operates 365 days a year. This can empower end customers to optimise their cash flows and manage their payment obligations with greater flexibility. Commenting on the move, Ali Abdulkarim, Group Chief Executive – Corporate and Commercial Banking at NBB, said, 'Leveraging Wire 365 highlights our forward-thinking approach, which aims to augment advanced technology in banking operations to deliver tangible value to institutions and organisations. By providing year-round access to USD clearing, we are streamlining cross-border operations with efficient and reliable solutions that meet the requirements of a fast-evolving and interconnected market. The initiative further strengthens our position as a reliable corporate banking partner.' Aqeel Ghaith, Chief Corporate & Institutional Banking Officer at BisB, added, 'The use of Wire 365 reflects our commitment to strengthening our cross-border payment capabilities. By offering extended USD clearing, we are strengthening our value proposition to high-value clientele who require uninterrupted overseas payment services.' Gayathri Vasudev, Global Head of Cross-Currency and Global Clearing Payments at J.P. Morgan Payments, stated, 'We are pleased to see NBB Group is using the Wire 365 solution to address a critical industry need for Always-on processing of USD payments. As global demand for immediate settlements grows, the ability to process transactions without time restrictions is a game-changer for financial institutions and corporates worldwide. The beauty of this solution is that it allows the NBB to leverage all the rich functionality of J.P. Morgan Payments' USD clearing while allowing weekend processing.' J.P. Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes more than $10 trillion payments daily, operating in over 200 countries and territories in over 120 currencies. NBB Group remains committed to delivering innovative experiences that enhance financial accessibility and efficiency for its diverse customer base. The introduction of Wire 365 is a significant milestone in modernising correspondent banking services, setting a new standard for frictionless USD funds processing in the Kingdom's financial sector.
Daily Tribune
7 days ago
- Automotive
- Daily Tribune
NBB names Auto Finance Campaign winner
TDT | Manama The National Bank of Bahrain (NBB) has announced Hasan Ali Abdullatif as the winner of its Auto Finance Campaign, which concluded in April. The lucky winner received his financing amount credited back to his account. As part of NBB's ongoing customer-centric initiatives this year, the campaign offered customers the opportunity to win a cashback reward equivalent to their financed amount. They also benefited from competitive interest rates, zero down payment, waived processing fees, quick processing, and an optional salary transfer.
Al Bawaba
7 days ago
- Automotive
- Al Bawaba
NBB Announces Auto Finance Campaign Winner
The National Bank of Bahrain (NBB) has announced Hasan Ali Abdullatif as the winner of its Auto Finance Campaign, which concluded in April. The lucky winner received his financing amount credited back to his part of NBB's ongoing customer-centric initiatives this year, the campaign offered customers the opportunity to win a cashback reward equivalent to their financed amount. They also benefited from competitive interest rates, zero down payment, waived processing fees, quick processing, and an optional salary more information about NBB's financing solutions, customers are encouraged to log on to call 1721 4433, or visit any of the Bank's branches. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Biz Bahrain
22-05-2025
- Automotive
- Biz Bahrain
NBB Announces Auto Finance Campaign Winner
The National Bank of Bahrain (NBB) has announced Hasan Ali Abdullatif as the winner of its Auto Finance Campaign, which concluded in April. The lucky winner received his financing amount credited back to his account. As part of NBB's ongoing customer-centric initiatives this year, the campaign offered customers the opportunity to win a cashback reward equivalent to their financed amount. They also benefited from competitive interest rates, zero down payment, waived processing fees, quick processing, and an optional salary transfer. For more information about NBB's financing solutions, customers are encouraged to log on to call 1721 4433, or visit any of the Bank's branches.
