Basic Information
of BankingNational Bank of Bahrain (NBB) was established in 1957 and was the first locally owned bank in Bahrain. The headquarters is located in NBB Tower, Manama, the capital of Bahrain. NBB is a publicly traded company whose shares are traded on the Bahrain Stock Exchange. The bank is authorized by the Central Bank of Bahrain and operates as a traditional retail bank.
Scope of
ServicesNBB's business mainly covers the local market of Bahrain, and has overseas branches in Saudi Arabia and the United Arab Emirates. In addition, NBB owns its Islamic banking subsidiary, Bahrain Islamic Bank, which was established in 1979 as the first Islamic bank in Bahrain.
Regulation &
ComplianceNBB is regulated by the Central Bank of Bahrain (CBB), which is responsible for monetary policy, financial stability, and compliance management in areas such as banking, insurance, capital markets, and more. There is no clear mention of whether it participates in the deposit insurance scheme, but as a major state-owned bank in Bahrain, it has a high level of security of funds.
Financial healthAccording
to the overall data of Bahrain's financial system, the capital adequacy ratio of the banking sector was 18.7% and the non-performing loan ratio was 3.2% in 2021. While no specific financial indicators have been found, NBB, as one of Bahrain's leading banks, should have a good performance in terms of capital adequacy and asset quality.
Deposit & Loan
ProductsDeposits:
NBB offers a variety of deposit products, including current and fixed deposit accounts. Specific interest rates may vary depending on market conditions and account type, and customers are advised to check with their bank directly for the most up-to-date information.
Loans:
NBB offers a variety of loan products, including personal loans, home loans, car loans, and education loans. For example, a personal loan can be up to 150,000 Bahraini dinars with a maximum repayment period of 84 months. Mortgages can be up to 350,000 Bahraini dinars with a maximum repayment period of 360 months. In addition, NBB offers flexible repayment options, such as deferred repayment during Eid al-Fitr and Ramadan, as well as a grace period of up to 6 months.
List of common
feesNBB's fee structure may include account management fees, transfer fees, overdraft fees, and ATM interbank withdrawal fees. The exact fees may vary depending on the type of account and the method of transaction, and customers are advised to consult the bank's official website or contact the bank directly for details.
Digital Service
ExperienceNBB's digital banking app has a high rating of 4.8 out of 5 on the App Store. The app allows you to open an account in less than 5 minutes by taking a selfie, without the need for video or phone verification. Users can activate additional accounts in different currencies in a matter of seconds.
Customer Service
QualityNBB offers a variety of customer service channels, including phone support, online chat, and social media. Customers can get help and support through the bank's official website or app. In addition, NBB provides customer satisfaction surveys to collect customer feedback and improve services.
Security
MeasuresNBB is committed to ensuring the safety of client funds and data. Although no specific security certification information was found, as a bank regulated by the Central Bank of Bahrain, the NBB should meet the relevant security and compliance standards.
Featured Services & DifferentiationNBB
offers a variety of featured services to meet the needs of different customer groups. For example, education loans are provided to support students' academic development, solar financing is provided to promote sustainable energy use, and housing finance programs are partnered with the government to help residents realize their dreams of buying a home.
Market Position & AccoladesAs
the first locally owned bank in Bahrain, NBB occupies an important position in the country's financial system. Its listing on the Bahrain Stock Exchange reflects its solid position in the market. In addition, NBB has further strengthened its market leadership by expanding its service offerings through its Islamic banking subsidiary.
