Bahrain Commercial Facilities Co BSC 2023 AR2
The report highlights Bahrain Commercial Facilities Company's (BCFC) performance and strategic initiatives for the fiscal year 2023. Despite facing a net loss of BD 30.8 million due to prudent provisioning against COVID-19 impacted exposures, the Group demonstrated resilience with a 63% surge in new loan originations. BCFC advanced its digital transformation by launching the "Sahel" mobile application and introducing new credit card programs. Additionally, the company established a comprehensive ESG policy and a three-year sustainability roadmap to integrate environmental, social, and governance principles into its operations ahead of regulatory mandates.
Company: Bahrain Commercial Facilities Co BSC
Sector: Financials
Country: Bahrain
Year: 2023
Type: AR2
Pages: 120
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Bahrain Commercial Facilities Co BSC
Annual Report
The report highlights Bahrain Commercial Facilities Company's (BCFC) performance and strategic initiatives for the fiscal year 2023. Despite facing a net loss of BD 30.8 million due to prudent provisioning against COVID-19 impacted exposures, the Group demonstrated resilience with a 63% surge in new loan originations. BCFC advanced its digital transformation by launching the "Sahel" mobile application and introducing new credit card programs. Additionally, the company established a comprehensive ESG policy and a three-year sustainability roadmap to integrate environmental, social, and governance principles into its operations ahead of regulatory mandates.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees