BBK is a publicly listed joint stock company with a regional presence. BBK was incorporated in 1971 as a commercial bank equally owned by Bahraini and Kuwaiti investors, with each nationality holding 50% of the shares. However the shareholding has changed since then and as of July 2007, Bahraini investors including public held 51.8% stake. BBK was the first foreign bank to operate in Kuwait when it opened its first offshore branch in April 1978. BBK has 16 domestic branches in Bahrain, offshore branches in Kuwait, India, and a representative office in Dubai, United Arab Emirates all accounting for almost 750 employees. BBK currently operates in Bahrain under a retail banking license issued by the Central Bank of Bahrain (CBB).

In the past few years, BBK broadened its offerings by establishing business lines for providing various financial services apart from its existing brokerage and credit cards businesses. The bank has 40 automatic teller machines (ATMs) situated in strategic locations in Bahrain and controls over 50% of POS terminals in the country. They instituted three Financial Malls intending to provide customers with an extended choice of strategically aligned products and services in conspicuous locations.

For the year ended 31 December 2006, BBK’s total assets stood at BD 1,693.8mn with a capital adequacy ratio of 16.2%, well above the 12% minimum level set by the CBB. During the same period, BBK recorded a net interest and other operating income of BD 64.4mn that contributed to a net profit of BD 32.8mn.

Promoters and Shareholding pattern BBK shares are widely held by Bahraini and Kuwaiti shareholders. The bank’s shares are also available for international investors. As of July 2007, the general public and quasi-government institutions in Bahrain had about 52% stake in BBK while the rest is held by nine banks and investment companies from the State of Kuwait. In Bahrain, 32% stake is owned by government while the rest is held by public. In Kuwait the major shareholder is the Commercial Bank of Kuwait (CBK) with 19.2% stake. The State of Kuwait (through KIA) has 3.75% stake in BBK.

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