Knowledge, experience and expertise joined together in a 50:50 partnership between The Bank of Bahrain & Kuwait (BBK) and Shamil Bank, two of Bahrain’s leading financial institutions, to form SAKANA HOLISTIC HOUSING SOLUTIONS as the vehicle of innovative and encompassing solutions to the housing and real estate sector
About BBK:
Bank of Bahrain and Kuwait B.S.C, (BBK) was established on 16th March 1971 in accordance with the Amiri decree and started operations a year later.
The shareholding is a unique structure where the general public and quasi-government institutions in Bahrain hold 50%, while the other half is held by nine banks and investment companies from the State of Kuwait.
In 1972, the Bank began operations with a capital of BD 1 million (US$ 2.5 million). Today, it has grown to become one of the largest commercial banks in Bahrain, with a capital base of BD 102 million (US$ 270 million).
The bank has a strong regional presence. In addition to the 18 domestic branches that it has in Bahrain, it also has a branch in the State of Kuwait, as well as two branches in the Republic of India and a representative office in Dubai, United Arab Emirates.
In the last few years, the Bank has established a number of subsidiaries in the areas of brokerage, financial services and credit cards.
BBK takes pride in being able to provide a full range of lending, deposit, treasury and investment services to various sectors of the domestic and regional markets, using state-of-the-art technology. The Bank plays a major role in financing infrastructural and industrial projects in Bahrain and the Gulf, creating products and services that cater to the needs of individual borrowers, depositors and investors.
BBK provides its services to Bahrain’s Government, medium and small business sectors, as well as individuals.
For further information, please visit www.bbkonline.com
About Shamil Bank:
Shamil Bank is a Bahrain-based Islamic retail bank licensed and regulated by the Central Bank of Bahrain, with commercial and investment banking activities. It has grown steadily to become one of Bahrain’s leading financial institutions.
Shamil Bank provides a diverse range of products and services that cater to the financing and investment needs of individuals and institutions. Conducting its business in compliance with the principles of Sharia’a, it operates a network of local branches and maintains a presence in overseas markets through its subsidiaries, associated and affiliated companies.
Shamil Bank is a wholly owned subsidiary of Ithmaar Bank B.S.C., a full service investment bank.
For further information, please visit www.shamilbank.net