Preview

Bahrain National Bank Sustainability

Powerful Essays
Open Document
Open Document
1498 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Bahrain National Bank Sustainability
ainIntroduction
Established in 1957 as Bahrain’s first locally owned Bank, NBB has grown steadily to become the country's leading provider of retail and commercial banking services. With a major share of the total domestic commercial banking market and the largest network of 25 branches and 55 ATMs, the Bank plays a key role in the local economy.
At the same time, the Bank continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets. Our Abu Dhabi and Riyadh branch lead the way in this initiative.
Publicly listed on the Bahrain Stock Exchange, the Bank is owned 51% by private shareholders, mainly Bahrainis, and 49% by Bahrain Mumtalakat Holding Company, which is 100% owned by the Government of the Kingdom of Bahrain.
Market driven and customer led, the Bank harnesses the latest technology to people skills, enabling its 570 employees to deliver highly professional services for retail and corporate customers, financial institutions and government organizations.

Subject
At NBB, we have always aspired to be an integral part of the community within which we conduct our business. This aspiration was the prime inspiration behind the setting up of a dedicated Corporate Social Responsibility Programme. The programme was conceptualized to support community development in the Kingdom and enhance the quality of life for all its residents.
NBB has consistently strived to develop an ethos which emphasise the fact that the Bank’s success is completely dependent on the customers and the society in which it operates. NBB takes pride in being the most trusted financial institution in the Kingdom. We believe we have a responsibility and a duty of care as part of a wider social community. This means that the Corporate Social Responsibility is not a sideline. Rather, it is interwoven in the organization, our mindset, the way we conduct our business and how we express our commitment to the world around us.

You May Also Find These Documents Helpful

  • Good Essays

    The company has an opportunity to improve its social responsibility and turn what it views as issues into positive interactions with the community. The company should consider implementing the following plans:…

    • 739 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Concertive Control System

    • 3274 Words
    • 14 Pages

    How does it contribute to the success of the bank’s vision and mission? ...................................... 3…

    • 3274 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    In global markets, modern corporates have significant power to exercise a positive influence in the countries, where they buy goods and services from global suppliers in bulk. Recognising this influence is the first step to understand the contribution of the modern corporates in developing countries’ economies and in turn their self-benefit. As being giant firms at one end of the buying chain with the cost reduction advantage, they shouldn 't be reluctant of getting involved and operate with the suppliers to improve working conditions and comply with the ethical trading regulations. Business Corporations should also think and take responsibility for the environment around them. Taking this responsibility is the first step to recognize Corporate Social Responsibility. Corporate Social responsibility is when a business monitors and ensures its active compliance with the spirit of the law and ethical standards. It is a process with the aim to embrace responsibility for the company 's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. The concept of CSR is well explained by Gordan Brown, Chancellor of Exchequer, that in this era Corporate Social Responsibility goes far beyond the old trend of the past (donating money to a good cause at the end of the year) And is now an all year round responsibility the companies accept for the environment around them. To provide best working practices, the engagement in local communities and for their recognition that brand name does not only depend on quality, price and uniqueness but how they interact with companies’ workforce, community and the environment.…

    • 2128 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Abdus Samad and M. K. Hassan (1999), ‘The Performance of Malaysian Islamic Bank during 1984-1997: An Exploratory Study’, International Journal of Islamic Financial Services, 1 (3), http://islamic-finance.net/journal.html…

    • 5176 Words
    • 21 Pages
    Powerful Essays
  • Best Essays

    Propaganda

    • 3751 Words
    • 16 Pages

    CIPD. (2009, September 1). Corporate Social Responsibility. Retrieved January 16, 2010, from Chartered Institute of Personnel and Development: http://www.cipd.co.uk/subjects/corpstrtgy/corpsocres/csrfact.htm?IsSrchRes=1…

    • 3751 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    Bank of Scotland also intends to have a long and distinguished future. It is one of Europe’s fastest growing banks. Its Board of Directors recognises that: banking is a global industry new technology is opening up new business opportunities world-wide domestic markets are increasingly exposed to international competition huge economies of scale are available to the industry banks that fail to grow put their future at risk profitable growth is the key to remaining independent.…

    • 1866 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    The most important aspect of a bank’s sustainability program is managing the impact that its products, services and customer relationships have on the financial sector. First and foremost, a bank must give customers what they want fairly, responsibly and transparently. At the same time, it must provide good working conditions for staff and deliver profitable growth for shareholders.…

    • 1575 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Al Hilal Bank, an Islamic bank, provides banking products and services in the United Arab Emirates. It offers personal banking, including deposit accounts, finance facilities, credit cards, safe deposit lockers, and the financial mall; and wholesale banking, such as project, contract, asset acquisition, asset, working capital, and trade finance. The company also provides treasury products to institutions and government entities, as well as high-net-worth individuals. In addition, it offers foreign exchange contracts, including spot, forward, cross-currency swaps, options, and other structured products to assist its customers in their foreign exchange risk management needs. Further, the compa...…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Punjab National Bank

    • 18172 Words
    • 73 Pages

    For the present study Punjab National Bank (PNB) has been selected. The reason for selecting PNB is that it is the leading Nationalised Bank in India after SBI. It became the first Nationalised Bank to book Rs. 1000 crore as net profit in single quarter of Oct-Dec 2008. The bank achieved 100% Core Banking Solution (CBS) even by the year 2008.…

    • 18172 Words
    • 73 Pages
    Powerful Essays
  • Powerful Essays

    Choudhury A. Q. (2005), “Spotlight on the NBFIs of Bangladesh,” Bangladesh Leasing & Finance Conpanies Association…

    • 5638 Words
    • 23 Pages
    Powerful Essays
  • Best Essays

    Despite the challenging conditions, ADIB continued to deliver sound financial results through the effective execution of its strategic vision, with the focus on customers securing the Bank the top ranking in customer service for the second consecutive year. This excellence in customer service continued to be backed by best practice risk management, conservative credit policy and recruitment of world class talent. A further important focus was on laying the foundations of the Bank’s next phase growth strategy with a pivotal part of this being the extremely-successful USD 1 billion Hybrid Tier 1 Capital issue. Moreover, ADIB Group, which includes both the financial services and real estate businesses, reported net profit of AED 1.2 billion for 2012, an increase of 4% over the previous year and Group net revenues for 2012 were AED 3.6 billion, while aggressive cost management meant that expenses increased by only 8.1% year on year, despite investments in 89 new ATMs and six new branches in the UAE, and the expansion of ADIB’s regional and international capabilities. The performance of the main banking business…

    • 2793 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Ab Bank

    • 11209 Words
    • 45 Pages

    AB Bank is known as one of leading bank of the country since its commencement 28 years ago. It continues to remain updated with the latest products and services, considering consumer and client perspectives. AB Bank has thus been able to keep their consumer’s and client’s trust while upholding their reliability, across time.…

    • 11209 Words
    • 45 Pages
    Powerful Essays
  • Satisfactory Essays

    Boubyan Bank Case Study

    • 533 Words
    • 3 Pages

    After the global crisis in 2008, Boubyan was struggling to stay in the business but by the end of 2008 Boubyan Bank announced more than 50 million KD losses. In the mid of 2009 The National Bank of Kuwait (NBK)Kuwait’s largest and oldest bank take the decision to take over the majority shares of Boubyan to be the Islamic arm for NBK, by the mid of 2011 Boubyan Bank was owned 59% by NBK and this was the real start to Boubyan Bank.…

    • 533 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Abudhabi Islamic Bank

    • 532 Words
    • 3 Pages

    The founders of Abu Dhabi Islamic Bank hold 39% of its equity while the remaining 61% is held by approximately 100,000 shareholders. The founding shareholders of ADIB are:…

    • 532 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    reputation risk

    • 513 Words
    • 3 Pages

    NDB Bank has developed a reputation for innovative banking products and services that meet the real needs of its customers. These products and services are backed by efficient electronic processing and multiple delivery channels, operated by teams of highly experienced banking professionals, ATMs, state of the art Internet Banking service and Phone Banking by Touch. Reputation risk assumes special importance in NDB because asymmetric information, the qualitative-asset-transformation made by banks, and the supply of payment and risk management services create a general risk.…

    • 513 Words
    • 3 Pages
    Satisfactory Essays