Bank of Bahrain and Kuwait BSC 2022 AR2
The report highlights BBK's performance during its landmark Golden Jubilee year in 2022, marking 50 years of operations. The company achieved a net profit of BD 64.4 million, representing a 21.3% increase compared to 2021, driven by active balance sheet management and rising interest rates. BBK launched its 2022-2024 strategic plan, focusing on digital transformation, sustainability, and customer-centric services. Key achievements included reaching a 95% Bahrainization rate, appointing seven women to subsidiary boards, and launching its inaugural sustainability report. Additionally, the bank introduced specialized green loans to support renewable energy initiatives in Bahrain.
Company: Bank of Bahrain and Kuwait BSC
Sector: Financials
Country: Bahrain
Year: 2022
Type: AR2
Pages: 120
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Bank of Bahrain and Kuwait BSC
Annual Report
The report highlights BBK's performance during its landmark Golden Jubilee year in 2022, marking 50 years of operations. The company achieved a net profit of BD 64.4 million, representing a 21.3% increase compared to 2021, driven by active balance sheet management and rising interest rates. BBK launched its 2022-2024 strategic plan, focusing on digital transformation, sustainability, and customer-centric services. Key achievements included reaching a 95% Bahrainization rate, appointing seven women to subsidiary boards, and launching its inaugural sustainability report. Additionally, the bank introduced specialized green loans to support renewable energy initiatives in Bahrain.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees