Bahrain National Bank Sustainability

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  • Topic: Eid al-Adha, Hamad ibn Isa Al Khalifah, Eid ul-Fitr
  • Pages : 5 (1498 words )
  • Download(s) : 68
  • Published : April 17, 2013
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ainIntroduction
Established in 1957 as Bahrain’s first locally owned Bank, NBB has grown steadily to become the country's leading provider of retail and commercial banking services. With a major share of the total domestic commercial banking market and the largest network of 25 branches and 55 ATMs, the Bank plays a key role in the local economy. At the same time, the Bank continues to diversify and develop capabilities to capture business opportunities in the Gulf region and international markets. Our Abu Dhabi and Riyadh branch lead the way in this initiative. Publicly listed on the Bahrain Stock Exchange, the Bank is owned 51% by private shareholders, mainly Bahrainis, and 49% by Bahrain Mumtalakat Holding Company, which is 100% owned by the Government of the Kingdom of Bahrain. Market driven and customer led, the Bank harnesses the latest technology to people skills, enabling its 570 employees to deliver highly professional services for retail and corporate customers, financial institutions and government organizations.

Subject
At NBB, we have always aspired to be an integral part of the community within which we conduct our business. This aspiration was the prime inspiration behind the setting up of a dedicated Corporate Social Responsibility Programme. The programme was conceptualized to support community development in the Kingdom and enhance the quality of life for all its residents. NBB has consistently strived to develop an ethos which emphasise the fact that the Bank’s success is completely dependent on the customers and the society in which it operates. NBB takes pride in being the most trusted financial institution in the Kingdom. We believe we have a responsibility and a duty of care as part of a wider social community. This means that the Corporate Social Responsibility is not a sideline. Rather, it is interwoven in the organization, our mindset, the way we conduct our business and how we express our commitment to the world around us.

The Bank plays an active role in assisting local communities to achieve their objectives and goals. This is done through a combination of financial assistance and volunteer work wherever required. In line with the Bank’s commitment that the community should also benefit from the Bank’s success, a percentage of the net annual profit is set aside for allocation among various programmes and foundations/projects which are aimed at social welfare, health care and education. This principle dates back to 1980 when the Bank’s Donations and Contributions Programme was formalized. In 2011, we disbursed BD 2.51 million through our Donations and Contributions programme primarily in fields of health care, education, research studies and other social welfare projects. The primary aim has been to ensure that the less privileged among us are brought to the forefront and have the opportunity to enjoy a more stable future. The Bank has spent BD 29.40 million since the inception of the Donations and Contributions Programme. We take great pride in our employees who make significant contributions as volunteers sharing their skills, knowledge and experience with all sections of the community. Students from across the Kingdom gain valuable knowledge and experience through this. Our employees also participate in forums, discussions and seminars which are aimed at exploring opportunities whereby the under privileged are given access to a more secure future. NBB has been at the heart of financial development in the Kingdom and will continue to remain so. However, we consider it, not only a responsibility but an honour to be able to assist the Kingdom in its endeavour to provide better living standards to all its citizens. We stand committed to serve the community in every way possible and we feel fortunate that we have been able to do so for such a long time. Our aim to see a more prosperous Bahrain is not restricted to providing banking service alone but to create a milieu where every member of...
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