BBK is known for its leadership in deploying technology-enabled services, constantly enhancing products and other functionalities to make progressive advances in digital transformation.
This continued during 2019, when the Bank’s FinTech capabilities further expanded beyond the basic functionalities of online banking, moving away from legacy processes and adopting live platforms that provide ease of communication and quick answers for customers. The past year was the first in the Bank’s current three-year strategic cycle and FinTech initiatives continued to play a leading role.
Overall, the Bank once again produced outstanding results, particularly so considering the continuing challenges that faced the entire banking sector. BBK’s conversion of perpetual bonds to shares was successfully concluded. During the year, the Bank successfully raised USD 500 million from the international financial markets. In light of the remarkable performance, the Bank declared and paid interim cash dividends to shareholders and became the first bank in Bahrain to pay an interim dividend.