BBK is acknowledged as a market leader in retail banking. With an extensive range of products and services, the bank offers a wide choice for individuals to enhance their family savings.
Supported by state-of art information and communication technology, the Retail Banking division offers a vast range of services such as e-banking, mortgage, car, and term loans, multi-features accounts, remittance services, and many more. The division is at the heart of BBK and interacts with customers through over 250 employees and a wide network of branches.
Treasury and Investment
The treasury department offers a full range of products from traditional banking to financial management and trading.
As well as foreign exchange and deposit accounts, BBK offers a range of derivatives including options, interest rate swaps, and future rate agreements. Treasury also acts as internal consultants to other departments, subsidiaries, and affiliated companies so as to improve working capital management.
Cash forecasting, once used within treasury solely to project investible funds or borrowing needs, provides early warning signals to senior management about business issues that could impact earnings. Other departmental functions include money market trading, managing the bank balance sheet and market risk, short-term investments, treasury bills, Islamic products, and loans and deposits with corporate companies
The products offered by the Division are mostly for working capital facilities like overdraft, bill/cheque discounting and non-fund based facilities like Letter of Credits and Guarantees. There is also a good portfolio of Term Lending as well including some Syndicated Loans. Income streams are from interest on lending and fee based income from non-fund facilities.
Corporate Banking Division has various business units each specialized in different areas as per the following:
With branches in India and Kuwait as well as representatives office in Dubai and Turkey, coupled with vast correspondent arrangements with major banks around the globe, the international business of BBK has developed to make the Bank one of the most competitive in this area of business.
International Banking division oversees the business operations of BBK’s units in Dubai, Turkey and India and also assists the Bank to meet its liquidity needs from international banks and capital markets.
Fully-fledged Indian operations have been established in Mumbai and Hyderabad since 1986. BBK is registered there as a foreign bank regulated by the Reserve Bank of India. In Dubai, operations are restricted – being registered as a representative office and regulated by UAE Central Bank. In Istanbul, Turkey BBK is also registered as a representative office and regulated by the Banking Regulation and Supervision Agency (BRSA) of Turkey. BBK uses the Bahrain head office balance sheet to book its assets and extends all type of working capital and term financing facilities to local clientele where the bank has representative offices. BBK is the only non-Kuwaiti bank operating in Kuwait, with a presence there since 1978.