Bank of Bahrain and Kuwait (BBK) was established in Bahrain in March 1971 and provides a range of efficient and personalized banking facilities. The bank established its first overseas branch in Kuwait in 1978. In the span of few years, branches were set up in Mumbai and Hyderabad. Currently, BBK is one of the largest commercial bank in Bahrain with 16 local branches spreading across the country, 3 full-fledged overseas branches and a representative office in Dubai. The shareholders of the bank consist of the general public and government of Bahrain, and banks and investment companies in Kuwait. This relatively new bank in a short span of time has grown significantly and now operates in four countries, including India and the UAE. Today, the BBK has become one of the largest commercial banks in the Kingdom of Bahrain, with a capital base of BD 303.9 million (US$ 806 million). The bank provides a complete range of lending, deposit, treasury and investment services to various sectors of the domestic, regional and international markets, using state-of-the-art technology. BBK also plays a significant role in financing infrastructural and industrial projects creating products and services that fulfills the need of individuals, investors, businesses, corporations and the government.
Presence in India
BBK established itself in India in 1986 as a scheduled commercial bank. The bank has two branches in India, one in the heart of Mumbai's business district at Nariman Point and other in Hyderabad. It is known for providing high quality banking services in a quiet ambience. BBK has a wide network of correspondents spread across the world to support Foreign Exchange and Trade Finance related activities. The bank offers its customers top quality credit facilities and a wide range of deposit products. It also provides NRI services, a fully equipped dealing room and a strong remittances department to give a complete banking experience. The bank's other special features includes providing structured finance to mid corporate and in the SME region. BBK is also credited of providing ECBs to large corporate houses in India for eligible purposes.
Products and Services
One of the special features of the BBK is to receive and credit the remittances received to the account from anywhere in the world, fast. The bank has wide correspondent banking relationships across the world and it provides you with the most efficient mechanism of crediting the proceeds to your account via SWIFT. The bank also has RTGS (Real Time Gross Settlement) system to provide continuous intra-day finality for individual transfers. BBK had exclusive agreement with most reliable Exchange House including Bahrain Exchange Company, National Exchange Company, A. Aziz A Alzamil & Sons Co and BIIECO. Remittances from abroad from these exchange houses are handled for further delivery to various centers across India with speed and accuracy on the transaction date via NEFT/RTGS. The BBK has provided a Safe Deposit Locker facility in the Hyderabad Branch which ensures the safe keeping of your valuables.
NRI Oriented Services
To cater various needs of Non-Resident Indians like personalized banking, equity broking and wealth management, the BBK branches in India are equipped with full-fledged NRI desk. NRIs residing in countries like Bahrain, Kuwait and UAE can contact the dedicated NRI Services Desks of the bank established in these countries for all their needs. BBK provides various types of deposit accounts for NRIs including NRE Savings Bank Account, Foreign Currency Non-Resident Deposit Accounts and NRE Term Deposits. In other NRI oriented services bank gives an opportunity to earn higher interest on savings. There are deposits available with interest payable either on a cumulative (Reinvestment Plan) or non-cumulative basis (Term Deposits).
Bank of Bahrain & Kuwait India Head Office
Jolly Maker Chamber II
225, Nariman Point
Mumbai - 400021