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subscribed by
Government agencies, with the balance coming from local commercial banks and the private sector. A commitment from Government to provide BD 4 Million by way of loan at 2% per annum for each of the first ten years was intended to eventually boost resources to BD 50 million. Mr. Isa A. Borshaid, at the time Undersecretary at the Ministry of Finance, was the founding chairman of the board, and Roger J Webster – formerly senior vice president, business development and project management of the GCC's Gulf Investment Corporation Kuwait – was appointed chief executive officer.
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21.810 million, and some 36 of these approvals – mainly smaller projects to which the bank's contribution was in the region of 32% – had received full disbursement or were at the final legal documents stage. As the bank was still absorbing start-up costs it was not yet profitable, reporting a cumulative loss of BD 45,274 after charging interest on the government loan of BD 181,404. The bank's 1993 annual report contains much information on its organisation and operations.
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The BDB was established by
Legislative Decree number 19 on 11 December 1991 and commenced operations as a bank on 20 January 1992. Its main agenda was to promote investments in Bahrain especially in crucial industries. The initial paid in share capital was BD 10 million, of which BD 7.25 million was
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By 31 December 1993, 19 staff were in post and 49 projects with an expected total cost of BD 27.829 million had been approved for investment. The bank's authorised contribution to this cost was BD 4.990 million (17.9%). Twenty-four of the approvals were start-ups with an expected project cost of BD
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In May 1994, the bank became the first Gulf financial institution to qualify as a
European Community Investment Partner (ECIP), giving the Bahraini private sector the opportunity to access funding and support from Brussels and European industry, and a wide network of contacts.
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Other than its development banking core business, BDB also has subsidiaries and investments that are geared towards achieving its objectives. The companies that comprise the
Bahrain Development Bank subsidiaries and investments include, but are not limited, to the following:
314:
By
October 1994 Khalid S.S. Shaheen had taken over from Roger Webster, whilst earlier in the year Shaikh Ebrahim Bin Khalifa Al Khalifa had become the bank's chairman, having replaced Isa Borshaid as Undersecretary at the Ministry of Finance.
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294::194 Million), with shareholder's equity of about US$ 204.77 million (BHD:77.19 million) and a branch network of six full-fledged branches and two satellite branches.
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to promote start-ups. In this agreement, SIDBI committed to providing technical assistance to BDB in risk management and credit management to further BDB's missions.
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assigned a Baa2/Prime-2/Negative rating to BDB due to the bank's high-risk loan portfolio and reliance on public funding.
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to support entrepreneurs and creators to establish solutions geared to resolve some of the world's toughest challenges.
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to promote investments in the country. BDB is registered with the
Ministry of Industry and Commerce and licensed by the
290:, Bahrain. As of 31 December 2015, the total asset valuation of the bank was approximately US$ 514 Million (
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of
Bahrain Development Bank are all held by the Government of Bahrain. This makes BDB a government parastatal.
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Bahrain
Development Bank provides a variety of financial services that are tailored to meet the needs of
698:"Moody's: Bahrain Development Bank's government ownership and robust capital levels are credit positive"
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and
Tamkeen finance to manufacturing, agribusiness, healthcare and other services sectors.
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356:– 100 percent shareholding – Development and assistance to emerging entrepreneurs.
247:: بنك البحرين للتنمية) is a development finance institution established to by the
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Bahrain
Development Bank is governed by an eight-person board of directors, with
380:– 20 percent shareholding – Providing microfinance and related advisory services.
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491:"BDB - Basel II Pillar III Disclosures For the six months ended 30-Jun-14"
368:– 28.6 percent shareholding – Consultancy to small and medium enterprises
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528:. Bahrain Ministry of Industry, Commerce & Tourism. Archived from
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374:– 20 percent shareholding – Operating and managing taxi services.
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All these subsidiaries and investments are held in Bahrain.
654:"SIDBI and Bahrain Development Bank seal deal to help SME"
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552:"Company Overview of Bahrain Development Bank B.S.C"
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676:"Microsoft -BDB joins hands for Imagine Cup 2014"
362:– 99 percent shareholding – Managing SME funds
8:
18:
320:Small Industries Development Bank of India
17:
727:Bahrain Ministry of Industry and Commerce
408:serving as the chairman of the group and
627:. BDB. 31 December 2013. Archived from
595:. BDB. 31 December 2015. Archived from
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318:In 2014, BDB signed an agreement with
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496:. BDB. 30 June 2014. Archived from
443:List of national development banks
275:. These include business finance,
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354:Bahrain Business Incubator Centre
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19:Bahrain Development Bank B.S.C.
742:1992 establishments in Bahrain
526:"The Bahrain Development Bank"
366:Middle East Corner Consultancy
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102:Mohammed Bin essa al Khalifa
269:small and medium businesses
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762:National development banks
325:In 2014, BDB launched the
282:BDB's headquarters are in
757:Companies based in Manama
752:Banks established in 1992
622:"BDB 2013 Annual report"
590:"BDB 2015 Annual Report"
438:List of banks in Bahrain
257:conventional retail bank
237:Bahrain Development Bank
722:Central Bank of Bahrain
406:Ghassan Ghaleb Abdulaal
327:Imagine Cup Competition
253:Central Bank of Bahrain
116:Chief Executive Officer
557:Bloomberg Businessweek
329:in collaboration with
203:$ 204.3 million (2015)
152:$ 27.59 million (2015)
53:; 32 years ago
464:. BDB. Archived from
249:Government of Bahrain
169:$ 2.74 million (2015)
126:Finance and insurance
51:11 December 1991
372:Arabian Taxi Company
360:BDB SME Fund Company
634:on 30 November 2016
602:on 29 November 2016
532:on 29 November 2016
503:on 29 November 2016
468:on 24 December 2016
209:Number of employees
20:
656:. 19 February 2014
392:The shares of the
186:514 million (2015)
138:Investment Banking
42:Financial services
700:. 4 February 2015
277:Islamic financing
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134:Corporate Banking
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702:. Retrieved
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629:the original
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604:. Retrieved
597:the original
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534:. Retrieved
530:the original
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498:the original
470:. Retrieved
466:the original
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430:Banks portal
412:as the CEO.
410:Dalal AlQais
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193:Total equity
176:Total assets
112:Sanjeev Paul
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66:Headquarters
24:Company type
15:
704:30 November
682:30 November
660:30 November
638:30 November
606:29 November
567:29 November
536:29 November
507:29 November
472:28 November
85:Area served
28:State owned
736:Categories
565:Retrieved
449:References
400:Governance
213:203 (2015)
159:Net income
97:Key people
58:1991-12-11
388:Ownership
378:EBDA Bank
336:In 2015,
331:Microsoft
416:See also
263:Overview
122:Products
107:Chairman
34:Industry
338:Moody's
298:History
273:Bahrain
225:.bdb-bh
218:Website
144:Revenue
90:Bahrain
77:Bahrain
56: (
48:Founded
38:Banking
288:Manama
245:Arabic
71:Manama
632:(PDF)
625:(PDF)
600:(PDF)
593:(PDF)
501:(PDF)
494:(PDF)
394:stock
255:as a
706:2016
684:2016
662:2016
640:2016
608:2016
569:2016
538:2016
509:2016
474:2016
235:The
227:.com
292:BHD
271:in
243:) (
241:BDB
223:www
738::
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517:^
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239:(
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60:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.