Press Releases :: Bahrain Development Bank

Bahrain Development Bank Named Among Al Bilad’s Top 50 Bahraini Companies for 2024

Manama, Bahrain – 4th July 2024: Bahrain Development Bank Named Among Al Bilad’s Top 50 Bahraini Companies for 2024 Bahrain Development Bank (BDB) is proud to announce that it has been recognised among the Top 50 Bahraini Companies for 2024 by Al Bilad Newspaper. This accolade acknowledges the Bank’s significant contributions towards strengthening the entrepreneurial activities within the Micro, Small and Medium-Sized Enterprises (MSME) sector of the Kingdom. The awards ceremony took place on Tuesday, 2nd July 2024 at the InterContinental Regency Hotel, under the esteemed patronage of His Excellency Mr.

July 2024

Bahrain Development Bank Hosts Conference on Accelerating MSME Growth in the Kingdom

Manama, Bahrain – 29th May 2024: Bahrain Development Bank Hosts Conference on Accelerating MSME Growth in the Kingdom Bahrain Development Bank (BDB), the leading bank supporting the Kingdom’s Micro, Small and Medium Enterprises (MSMEs), successfully concluded its informative conference, “Accelerating MSME Growth with BDB,” held in collaboration with the Bahrain Chamber of Commerce and Industry (BCCI). The event, which took place on Wednesday 29th May 2024 at HQ Seef Mall, Manama, welcomed over 100 attendees who learned about BDB’s solutions for Bahraini entrepreneurs.

June 2024

Bahrain Development Bank Achieves Prestigious Accolade at GCC International CSR Awards

Manama, Bahrain – 26th June 2024: Bahrain Development Bank Achieves Prestigious Accolade at GCC International CSR Awards Bahrain Development Bank (BDB) has won the “Excellence in Sustainable Environmental Development” Award at the GCC International CSR Awards, which took place at the Intercontinental Regency Hotel on 26 and 27 June 2024. The Bank’s third-place achievement reiterates its ongoing commitment to environmental sustainability and its efforts to promote green initiatives, as well as its continuous support for agricultural projects, including the Farmers Market in Hoorat A’ali, which serves as the ideal platform for local farmers to showcase their products and boost their sales.

June 2024

Institute of Public Administration Concludes Second Edition of Leadership Programme for Bahrain Development Bank

Manama, Bahrain – 8th July 2024: Institute of Public Administration Concludes Second Edition of Leadership Programme for Bahrain Development Bank Her Excellency Dr. Shaika Rana Bint Isa Bin Duaij Al Khalifa, Director General of the Institute for Public Administration (IPA), reiterated the organisation’s unwavering commitment to continually offer diverse leadership programmes that align with the evolving needs of both public and private sector entities. These programmes adhere to the highest international standards and contribute to achieving the Kingdom’s aspirations and directives aimed at solidifying the role of national talent as a primary engine for development across both sectors.

June 2024

BDB x Kaaf

Manama, Bahrain – 24th May 2024: In Collaboration with “Kaaf Humanitarian” Bahrain Development Bank Supports Families Affected by Rainfall Bahrain Development Bank, the leading bank in supporting small and medium enterprises in the Kingdom of Bahrain, has initiated support for families affected by recent rainfall. This effort is in collaboration with the Kaaf Humanitarian. The bank has provided financial donations to support the maintenance and repair of the homes of the affected families, and its employees plan to volunteer to assist in these maintenance and repair efforts.

May 2024

Sitra Mall Tree Planting

Manama, Bahrain – 25 April 2024: As part of the National “Forever Green” Tree Plantation Campaign Bahrain Development Bank and National Initiative for Agricultural Development Collaborate on Greening Sitra Mall The Bahrain Development Bank (BDB) and the National Initiative for Agricultural Development (NIAD) have announced their collaboration to plant trees at the Sitra Mall. This initiative forms part of the national afforestation campaign “Forever Green,” and aligns with the Kingdom of Bahrain’s national plans to expand green spaces to mitigate the effects of climate change.

April 2024

BDB Supply Chain Financing Scheme

Bahrain Development Bank Launches Invoice Discounting Scheme Manama, Bahrain – 31 March 2024: Bahrain Development Bank (BDB) has launched its Invoice Discounting scheme as part of its continuous efforts to expand its product and service offering. The product aims to further strengthen BDB’s position in the Kingdom’s financial and SMEs industry as well as enhance the bank’s overall customer experience. Through the scheme, BDB will act as an intermediary between buyers and sellers, facilitating instant payments to suppliers for their services.

March 2024

Bahrain Development Bank Receives Two Awards at the International Finance Awards Ceremony

Following the Success of the Bank’s ‘Tijara’ Platform and ‘Riyadat’ Scheme Bahrain Development Bank Receives Two Awards at the International Finance Awards Ceremony Manama, Bahrain – January 2024: The Bahrain Development Bank (BDB) was recently honoured at the International Finance Awards ceremony, which recognises the outstanding performance of leading institutions in various industries. The bank received the ‘Most Innovative New SME Digital Banking Platform’ award for its ‘Tijara’ digital platform and the ‘Most Innovative SME Financing Program for Women Empowerment’ award for its ‘Riyadat’ scheme.

February 2024

Bahrain Development Bank and Kingdom University Partner to Launch Training Program for Business Students

Bahrain Development Bank and Kingdom University Partner to Launch Training Programme for Business Students Manama, Bahrain – 11 January 2024: The Bahrain Development Bank (BDB) has signed a memorandum of understanding (MoU) with Kingdom University to launch a work-based training programme for the University’s College of Business Administration students. The signing took place at Kingdom University’s campus on Tuesday, 9 January 2024 in the presence of Ms. Dalal Al Qais, Group CEO of BDB, and Prof.

January 2024

Bahrain Development Bank Supports NIAD Tree Planting Initiative in Riffa Walkway

As part of the third phase of the “Forever Green” Campaign Bahrain Development Bank Supports NIAD Tree Planting Initiative in Riffa Walkway Manama, Bahrain – November 2023: The Bahrain Development Bank (BDB) Group recently supported a tree planting initiative at the Riffa Walkway as part of the third phase of the National Initiative for Agricultural Development (NIAD)’s “Forever Green” campaign. The bank contributed to 45 acacia seedlings and 36 Poinciana trees being planted across the pathway.

December 2023

Bahrain Development Bank Receives Outstanding Recognition with 5 Coveted Awards from ‘International Finance’ and ‘Global Banking and Finance Review’

Named the Best SME Bank in Bahrain 2023: Bahrain Development Bank Receives Outstanding Recognition with 5 Coveted Awards from ‘International Finance’ and ‘Global Banking and Finance Review’ Manama, Bahrain – November 2023: The Bahrain Development Bank Group (BDB) has received three prestigious awards from the Global Banking & Finance Review, in addition to winning two awards from the International Finance Awards. The Global Banking & Finance Review named BDB as the ‘Best SME Bank Bahrain’, ‘Best Online Services for SME Bahrain’ and ‘Best Mobile App for SME Bahrain.

November 2023

Bahrain Development Bank Enables Account Opening for CBB Sandbox Companies.

Bahrain Development Bank Enables Account Opening for CBB Sandbox Companies. [Manama, 11 October 2023] - Bahrain Development Bank (BDB) is pleased to announce its initiative to facilitate account opening for companies participating in the CBB’s fintech Regulatory Sandbox. As part of its ongoing commitment to fostering innovation and entrepreneurship, BDB is proud to offer Sandbox companies the opportunity to open an account with the bank. This initiative aligns perfectly with BDB’s core mission of providing essential support to SMEs and startups, allowing them to access the needed banking services for their success.

October 2023

Bahrain Development Bank Introduces the Latest Feature Enabling Users to Open an Account Online Within Minutes

Through its “tijara” platform, the first-of-its-kind for SME’s Bahrain Development Bank Introduces the Latest Feature Enabling Users to Open an Account Online Within Minutes Manama, Kingdom of Bahrain, 28 August 2023: Bahrain Development Bank (BDB) announced the launch of a new feature available on “tijara”, the Bank’s digital platform designed to support startups and Small and Medium Enterprises (SMEs). The new feature “tijara call account” enables users to open an account online and access the “tijara” platform within a few minutes, without the need to visit a physical branch.

August 2023

Bahrain Development Bank Launches Digital Banking Arm ‘tijara’

State-of-the-art e-Banking platform offers efficient, smart and convenient banking solutions to empower Bahrain’s SME and start-up sector Manama, Bahrain, 5 January 2023: Bahrain Development Bank (BDB) has announced the launch of its digital arm, ‘tijara’, a state-of-the-art e-Banking platform designed to empower the SME and start-up segments in the Kingdom of Bahrain through a simplified digital banking offering, and easier access to financing solutions to fuel their growth. The launch of ‘tijara’ is in line with BDB’s digital transformation ambitions, and further supports the government’s efforts to stimulate the entrepreneurial ecosystem and propel economic growth in the SME sector through flexible, innovative and accessible financial services and hassle-free financing.

February 2023

BDB’s CTO received an Award for Most Outstanding Digital Transformation at the World CIO Summit 2022

Mrs. Nada Mohamed Abdulrahman, Chief Technology Officer at Bahrain Development Bank, has received an Award for Most Outstanding Digital Transformation – 2022 during The World CIO 200 Summit 2022 held by International Group of Artificial Intelligence and GEC Media Group and presented by Global CIO Forum under patronage of His Highness Shaikh Khalid bin Hamad Al Khalifa, First Deputy Chairman of the Supreme Council for Youth and Sports, Chairman of the General Sports Authority and President of Bahrain Olympic Committee.

November 2022

86% of Their Products Are Being Exported to International Markets Shell Fisheries Is One of The Successful Bahraini Businesses Supported By BDB

Mrs. Dalal Al Qais, Chief Executive Officer of Bahrain Development Bank, visited Shell Fisheries factory in the Industrial Area in Sitra in order to get a close look on the company’s activities such as preservation fish and crustaceans, manufacturing new products like fish fingers fried with rusk as well as cooked items like shrimps and other products in line with the needs of local and international markets, since Shell Fisheries is one of the successful businesses BDB has supported since the beginning

October 2022

Bahrain Development Bank Appoints Ali Al Aradi as Chief Banking Officer

BDB announces the appointment of Mr. Ali Al Aradi as Chief Banking Officer. Al Aradi has almost 19 years of experience in Banking field. He worked at Standard Chartered, Ahli United Bank, BMI Bank, and Al Salam Bank. Prior joining BDB he worked as Acting Head of Retail Banking since November 2021, and Head of Branches and Sales in Retail Banking for Bahrain Islamic Bank from October 2018. Al Aradi is a qualified Bahraini Banker who has obtained an Oxford Fintech Program, Advanced Diploma in Islamic Banking, CMI Level 5, CII, and currently doing his MBA from Swiss Business School.

October 2022

NBB Partners with Bahrain Development Bank to Boost the SME Sector

The National Bank of Bahrain (NBB) & Bahrain Development Bank (BDB) have signed a Memorandum of Understanding to develop products and funding solutions for the SME sector. The signing ceremony was held at NBB Head Quarters in Manama. This partnership comes with the two parties’ commitment to continuously support start-ups and SMEs, through providing financing solutions that meet the sector’s needs. Commenting on the partnership, Dalal Al Qais, Group Chief Executive Officer at Bahrain Development Bank said:” We are proud to be partnering with a leading financial institution in the Kingdom in the likes of NBB, to further expand our SMEs offering & services which play a vital role in developing the national economy.

October 2022

BDB Signs a Health Insurance Agreement for its Employees with Medgulf Takaful and Protection Insurance Services

Bahrain Development Bank (BDB) has signed an agreement to provide health and life insurance services to its employees in partnership with Medgulf Takaful and Protection Insurance Services. This partnership comes in line with BDB’s mission in ensuring to provide a healthy environment and the best insurance benefits to its employees. The agreement was signed at the headquarters of Bahrain Development Bank by Mrs. Dalal Al Qais, Chief Executive Officer of BDB and Mr.

October 2022

Al Waha Fund and Hambro Perks launch HP Spring Studios to help fintech startups flourish

Al Waha Fund of Funds, managed by Bahrain Development Bank, and international investment firm Hambro Perks have announced the launch of HP Spring Studios, the MENA region’s first fintech venture studio. HP Spring Studios, which will be based out of its new headquarters in Manama, Bahrain, represents a significant boost for MENA’s fintech and startup ecosystem. The studio will both co-found and invest directly into next generation fintech startups with exceptional entrepreneurs.

September 2022

BDB Appoints Abdulrahman Al Asoomi as Head of Compliance & MLRO

BDB announces the appointment of Mr. Abdulrahman Al Asoomi as Head of Compliance & MLRO. Al Asoomi has over 10 years of experience in the financial sector, expertise includes compliance with the Central Bank of Bahrain requirements for Islamic Financial Institutions, Capital Market requirements for listed companies in Bahrain, UAE, & Kuwait and combating financial crime requirements for financial institutions. Al Asoomi is a holder of Bachelor of Science in Business Management from Swansea University UK, Professional Advanced Diploma in Islamic Finance from BIBF, International Diploma in Compliance from University of Manchester & ICA and a Diploma in Compliance, AML and Financial Crime from Henley Business School, University of Reading, UK.

September 2022

Arab delegation visits Farmers Market in Hoorat A’ali as part of a youth camp hosted by the Ministry of Youth and Sports Affairs

A youth delegation from the GCC and other neighboring countries visited the Farmers Market in Hoorat A’ali, one of Bahrain Development Bank subsidiaries, as part of the youth camp hosted by Ministry of Youth and Sports Affairs from 21 to 25 August 2022. The delegation was introduced to the agricultural projects that are incubated by the market and owned by Bahraini farmers including local crops and other products, and the services that Bahrain Development Bank provides to Bahraini farmers.

August 2022

BDB Group CEO: The experience of the Supreme Council for Women is a success story at the global level, and the economic empowerment of Bahraini women is an essential pillar of our strategy

Mrs. Dalal Al Qais CEO of Bahrain Development Bank Group congratulated His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, and Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, wife of His Majesty the King and President of the Supreme Council for Women (SCW), on the 21st anniversary of the establishment of the SCW. Al Qais stressed the progress achieved by Bahraini women in all sectors by the support of the SCW led by HRH Princess Sabeeka bint Ibrahim Al Khalifa.

August 2022

Third Edition of Palm Tree Festival Inaugurated

The Secretary-General of the National Initiative for Agricultural Development (NIAD) Shaikha Maram bint Isa Al Khalifa inaugurated the third edition of the cultural and heritage festival “Khairat Al Nakhla” (Palm Tree Bounties). Bahrain Development Bank CEO Dalal Al Qais and Assistant Undersecretary of Agriculture and Marine Resources Dr. Abdulaziz Mohammed Abdulkarim attending the opening of the festival organized by NIAD in cooperation with the Farmers Market Department of the Bahrain Development Bank Group and the Ministry of Municipal Affairs and Agriculture.

July 2022

Export Bahrain Signs Strategic MOU with BDB to Enhance Export Financing Solutions

Export Bahrain and Bahrain Development Bank (BDB) have signed a Memorandum of Understanding (MoU) to provide further options and support in Export Financing services to Bahrain-based businesses. The signing ceremony took place at the inauguration of the SMEs Development Board Strategy (2022-2026) in the presence of Industry and Commerce Minister and SME Development Board Chairman Zayed Alzayani, which was signed by Export Bahrain Chief Executive Officer Safa Sharif Abdulkhaliq and BDB Group Chief Executive Officer Dalal Al Qias.

July 2022

Bahrain Development Bank, Northern Governorate Discuss Cooperation

Northern Governor Ali bin Al Shaikh Abdul Hussain Al Asfoor received Chief Executive Officer of Bahrain Development Bank Mrs. Dalal Al Qais. The two sides discussed the partnership between the Health Cities Coordinator Office and the Bank to support Aali Healthy City according to the criteria set for accreditation. The governor praised the success stories in Horat A’ali emphasizing on the importance of documenting these national stories and welcomed the joint cooperation to implement national programs and activities to promote the Farmers Market.

June 2022

Bahrain Development Bank sponsors "MicroShabab" Forum

Bahrain Development Bank is sponsoring the fourth edition of Youth Forum for Entrepreneurship “MicroShabab” organized by Future Society for Youth under the patronage of His Highness Shaikh Khalid bin Hamad Al Khalifa, First Deputy President of the Supreme Council for Youth and Sports, President of the General Sports Authority and President of the Bahrain Olympic Committee, taking place from March 29th to 31st , 2022. This edition of the forum addresses several themes related to the entrepreneurship sector and supporting youth businesses.

March 2022

BDB Appoints Nada Azmi as Chief Strategy and Transformation Officer

BDB announces the appointment of Mrs. Nada Azmi as Chief Strategy and Transformation Officer. Nada has more than 19 years of experience in policy making, strategy development, and project management. She has held several senior roles, last one in the Economic Development Board since 2019 as an Executive Director of Corporate Strategy and Planning & Competitiveness Advocacy. Azmi holds a Bachelor’s degree in Computer Science and Management Studies from the University of Maryland Global Campus.

March 2022

BDB Appoints Hend Mohamed Mahmood as Chief Human Resources Officer

Bahrain Development Bank has announced the appointment of Mrs. Hend Mohamed Mahmood as Chief Human Resources Officer, as part of the Bank’s strategy to build up its executive management team with qualified Bahraini competencies. Mrs. Hend brings with her extensive experience in the field of Human Resources for over 20 years, as she was working in Bahrain Airport Company leading the Human Resources and Administration Department as a Vice President for 11 years before joining the bank.

February 2022

In cooperation with the Ministry of Industry, Commerce and Tourism Bahrain Development Bank grants SMEs with a Classification Certificate a preferential profit rate on finance schemes

Bahrain Development Bank (BDB) has announced a new initiative, which is providing preferential profit rates for small and medium enterprises (SMEs) holding the SMEs Classification Certificate from the Ministry of Industry, Commerce and Tourism (MOICT). This initiative is part of the cooperation and coordination between the MOICT represented by SMEs Development Directorate and BDB aiming to enhance the support programs for the SMEs sector and increase the competitiveness of these enterprises in the Bahraini market.

January 2022

Bahrain Development Bank Appoints Dalal Al Qais as Chief Executive Officer

Bahrain Development Bank (BDB), the Kingdom’s leading provider of financial services to small and mid-size enterprises (SMEs), recently announced the appointment of Mrs. Dalal Al Qais as the Bank’s Chief Executive Officer (CEO). Currently well placed to become a regional leader in the financial industry, BDB remains purposefully committed to emerging as a key catalyst contributing to the growth of the Kingdom’s entrepreneurial pool of talent with ambitions to be the leading financial partner for the SME community.

December 2021

Bahrain Development Bank Launches "Unforgettable" campaign

In celebration of Bahraini Women’s Day 2021, which is held under the slogan “Bahraini Women in National Development.. A Journey of Advancement in a Giving Country” Bahrain Development Bank Group (BDB) is launching a campaign titled “unforgettable” to highlight the achievements of Bahraini women in various sectors. This campaign includes a walk-in photo exhibition at the historic site (Manamat Al-Gosaibi), to document and celebrate some unforgettable stories of hard-working, strong, and inspiring Bahraini women from all age groups and to show the capabilities of women in different fields.

November 2021

Bahrain Development Bank reaffirms its support for the SMEs sector

Bahrain Development Bank (BDB), the Kingdom’s Premier development bank and leading provider of financial and incubation services to SMEs reaffirmed its support for the SME sector which was one of the most affected by the ill effects of the Pandemic. For the nine months ended September 30, 2021, the Bank posted a profit of BD 489 thousand (PY 1.06 million) continuing its trend of a positive bottom line to remain sustainable.

November 2021

BDB Supports the National Afforestation Campaign “Forever Green”

The Bahrain Development Bank Group have contributed to supporting the national afforestation campaign “Forever Green” launched by the National Initiative for Agricultural Development in partnership with several relevant institutions. The campaign aims to plant over 50,000 trees in 27 sites in different governorates, on an area covering more than 70,000 square meters at a total cost of more than half million Bahraini dinars. The campaign aims to expand the green area in the kingdom to protect the environment and reduce the climate change effects.

November 2021

BDB Supports the King Cup & Nasser bin Hamad Football Premier League

The Bahrain Development Bank Group has provided its support and sponsorship for His Majesty the King’s Football Cup and the Nasser bin Hamad Premier League for the 2021-2022 sports season. On this occasion, the Chairman of the Board of Directors of the Bahrain Football Association, His Excellency Sheikh Ali bin Khalifa bin Ahmed Al Khalifa, praised the BDB Group’s support for the King’s Cup and Nasser bin Hamad Premier League, which shows the keenness of BDB officials to support distinguished sporting events in The Kingdom of Bahrain, especially that the championship bears the name of His Majesty King Hamad bin Isa Al Khalifa, the King of the kingdom, may God protect him, and it has wide football audience and great interest by the sports enthusiasts, in addition to the league competition that bears the name of the representative of His Majesty the King for Humanitarian Affairs and Youth Affairs, National Security Adviser, President of the Supreme Council for Youth and Sports, His Highness Sheikh Nasser bin Hamad Al Khalifa.

November 2021

Bahrain Development Bank Continues record of growth in business & profits

Bahrain Development Bank (BDB), the Kingdom’s development bank and leading provider of financial and incubation services to SME’s continued its relentless support for the sector. For the HY ended June 30, 2021, the Bank extended 281 financing facilities aggregating to BD 9.6 million of which 81 were for new units. In addition, the bank allowed deferment of instalments to 585 customers amounting to BD 48.2 million in line with CBBs guidelines.

October 2021

BDB Announces the appointment of Nada Abdulrahman as Chief Technology and Operations Officer

Bahrain Development Bank is pleased to announce the appointment of Ms. Nada Mohammed Abdulrahman as its Chief Technology and Operations Officer. Ms. Nada joined BDB in October 2020 as its Chief Technology Officer and has been a key member of the core management team driving the Bank’s Digital Transformation journey. Mr. Sanjeev Paul, BDB Group CEO, said that Nada is a very valuable member of BDB’s management team. Her domain knowledge, vast experience in banking technology and leadership have greatly expanded BDB’s bandwidth in its ongoing digital transformation journey.

September 2021

Bahrain Development Bank announced as a new member of the Small and Medium Enterprises Financing Forum

Bahrain Development Bank - the leading bank in supporting small and medium enterprises in the Kingdom of Bahrain - announced joining the Small and Medium Enterprises Financing Forum as a new member within the global network of members, which includes experts specialized in financing small and medium enterprises from more than 80 countries around the world. The SME Finance Forum aims to expand access to finance for these enterprises around the world through the exchange of innovative ideas and expertise in this field.

August 2021

BDB-Edamah cooperation to develop Riyadat Centre hailed

Secretary General of the Supreme Council for Women (SCW), Hala Al Ansari, welcomed the Bahrain Development Bank (BDB)’s assignment of Bahrain Real Estate Investment Company (Edamah) to develop the Bahraini Women Development Centre (Riyadat), a cooperation that comes within the framework of close relationship between SCW, BDB and Edamah Company. The aim is to renew and upgrade the work of the Centre to turn it into a comprehensive one for creativity and innovation in the field of entrepreneurship.

August 2021

Bahrain Development Bank launches “tijara” platform for SMEs The first integrated digital banking platform in Bahrain that enables SMEs to access fast and convenient financing online

Bahrain Development Bank (BDB) announced today the launch of “tijara” a new efficient digital banking platform for Small and Medium Enterprises (SMEs) that enables businesses to apply for loans online for the first time in the kingdom. The launch coincides with the UN’s Micro, Small and Medium-sized Enterprises Day (MSMEs) and is a key milestone in Bahrain Development Bank’s strategy to drive digital transformation and support the growth of small businesses and startups in Bahrain by providing efficient and simplified banking solutions.

June 2021

Bahrain Development Bank announces rent waiver for its Business Incubators for 3 months

In line the financial and economic stimulus package launched by his Majesty King Hamad bin Isa Al Khalifa for the affected sectors by the pandemic, and the commands of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the kingdom to follow the directions, Bahrain Development Bank announced a special aid for the business owners in all the business incubators that are affiliated to the bank including Bahrain Business Incubator Centre, Women Development Centre “Riyadat” and the Farmers Market in Hoorat A’ali by waving the rents for the clients who meet the conditions and criteria of the waivers for three months (June, July, August 2021).

June 2021

Exempting Sitra Mall shop owners from rent installments for a period of three months

In line with the royal directives, to launch a financial and economic package for a period of three months to support the sectors affected by the pandemic and following His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, instructions on the implementation of these directives; The Bahrain Development Bank Group announced that the tenants of Sitra mall who meet the conditions and criteria related to the exemption process are exempted from rent installments for a period of three months (June, July, August 2021).

June 2021

BDB Continues Support of SME Sector through the Pandemic

Bahrain Development Bank (BDB), the Kingdom’s specialist Bank for Small and Medium Enterprises (SMEs), emphasized its commitment to continue supporting the SME sector on the path to recovery from the global pandemic. The Bank announced that during the first quarter of 2021 it has extended 153 financing facilities to new and existing SME’s. These facilities totaling to BD 6.09 million are expected to facilitate the creation of 100 new jobs.

June 2021

BDB is a Golden Sponsor to HRH Crown Prince Volleyball Cup

Bahrain development bank has offered golden sponsorship to His Royal Highness crown prince’s volleyball cup for 2020-2021 athletic season, as part of the bank’s constant attempts to support the athletic championships and events in Bahrain. Bahrain Volleyball Association (BVA) Chairman Shaikh Ali bin Mohammed Al-Khalifa expressed his appreciation for BDB sponsorship and support for the association. The Volleyball Association Chairman also praised the CEO of BDB group Mr. Sanjeev Paul for his efforts pointing that sponsoring this competition is a sign of the successful partnership between the bank and the association, which boosts the latter’s efforts to improve the local competitions.

April 2021

BDB posts positive results & increases support to SME’s by 179%

Bahrain Development Bank (BDB), the Kingdom’s premier SME Bank, announced that it has achieved positive results and strong growth again in 2020, posting a net profit of BHD 563K despite the years’ challenging economic and credit environment, During the year, the bank significantly stepped up its financing activity to support SMEs with total disbursements increasing by 179% to BHD 106 million (2019 BHD 37.9 million).The Bank was also a focal point for assisting SMEs under the Government’s Liquidity Support Scheme.

February 2021

BDB appoints Farah Rabea as the Head of Digital Marketing

Bahrain Development Bank is pleased to announce the appointment of Farah Ayad Rabea as the Head of Digital Marketing and a Member of the Executive Management Committee in the bank. This comes as part of the bank’s strategic plans towards digital transformation and evolving the marketing strategies and communication channels. Farah Rabea brings with her extensive knowledge in the domain of Digital Banking and Marketing. Prior to joining BDB Farah was the Deputy Manager of Campaigns and Acquisition at ila Bank - Arab Banking Corporation.

February 2021

Bahrain Development Bank announces the appointment of Abdulrahman Buheji as Head of Credit

BDB announced the appointment of Mr. Abdulrahman Abdulla Buheji, as Head of Credit, and as a member of the Bank’s Management Committee. Prior to joining BDB, Abdulrahman held the positions of Acting Chief Credit Officer at BBK BSC, Head of Corporate Banking Analysts at BISB, Area Credit Manager at Bank ABC, and Project & Structured Finance Relationship Manager at GIB. Abdulrahman comes with over 13 years of experience in Credit, Investment, & Corporate Banking.

January 2021

BDB and BENEFIT Launch Fawateer “Assignment” to support SMEs

Bahrain Development Bank announces the launch of Fawateer Assignment in collaboration with BENEFIT, as part of their efforts to support SMEs. Fawateer Assignment is a special arrangement that will enable BDB’s customers who are or who want to be billers on Fawateer to secure their loans by having all the Fawateer proceeds of the biller to be directly deposited in the biller’s accounts with BDB, through the Fawateer service provided by BENEFIT.

November 2020

BDB Reports 274 pc jump in Disbursement

BDB significantly stepped up its financing activity to support SMEs during the year with total disbursements increasing by 274% to BD 96.4 Million in the first nine months compared to BD 25.8 Million during similar period in 2019. The Bank posted a profit of BD 1.063 Million in the first 9 months of 2020 compared to BD 1.017 Million in the same period in 2019. Commenting on the performance of the Bank, Sanjeev Paul, Group CEO said we are investing heavily in our digital capabilities to drive customer centricity within BDB.

November 2020

BDB appoints new chief business development officer to continue strong momentum with growth, transformation and innovation

Bahrain Development Bank (BDB), the main catalyst for financing and supporting SME growth in Bahrain, has announced the appointment of Husain Rajab as Chief Business Development Officer, reporting directly to Sanjeev Paul, BDB Group CEO. Husain will be leading one of the bank’s main functions that is responsible for long term business development through strategic planning and transformation initiatives. Husain has more than 17 years of work experience at some of the biggest institutions in Bahrain including Bahrain Economic Development Board (EDB), Batelco, Gulf Air, and Kuwait Finance House.

October 2020

Bahrain Development Bank Selects TCS BaNCS™ Global Banking Platform to Speed Up Innovation

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that Bahrain Development Bank (BDB), a development finance institution established by the government of Bahrain focusing on financing and development of small and medium businesses, to encourage and support entrepreneurship in the Kingdom of Bahrain, has selected the TCS BaNCS™ Global Banking Platform for its core banking transformation. The bank was looking for a modern, digital banking solution that would help it transform customer engagement through the delivery of contextual experiences.

October 2020

Bahrain Development Bank announces the appointment of Nada Mohammed as Chief Technology Officer

BDB announced the appointment of Mrs. Nada Mohammed Abdulrahman as its first Chief Technology Officer. Commenting on the appointment, Sanjeev Paul, BDB Group CEO, stated that the Bank’s ongoing digital transformation is a key building block and enabler to achieve the Bank’s vision of becoming an industry leader and trusted partner for entrepreneurs and SME’s in Bahrain. Nada is a valuable addition to the management team. Her varied experience in the Banking Technology areas like System Development, Service management, Operations, Infrastructure and Project management will greatly enhance the Bank’s execution ability on this huge project.

October 2020

Bahrain Development Bank Group announces the appointment of Shohra Hussain as Head of Human Resources

BDB Group announces the appointment of Shohra Hussain as Head of Human Resources. Shohra comes with an extensive experience in Human Resources management, in strong regional and international organizations like Majid Al Futtaim Ventures, Citi, Emirates Group (Emirates Airlines) and Ernst & Young. She holds a Master’s degree in Human Resources Management from Middlesex University Business School of London and a Bachelor’s degree in Accounting from the University of Bahrain, in addition to being accredited as a fellow member at the Chartered Institute of Personnel Development (CIPD).

October 2020

BDB Group CEO recognizes employee for supporting national efforts aimed at combatting COVID-19

The CEO of Bahrain Development Bank Group (BDB), Mr. Sanjeev Paul, recognizes Mr. Abdullah Isa Qudrat, Manager – Administration Department, for volunteering in the Kingdom’s Public Awareness Campaign to Combat the Coronavirus (COVID-19), as well as for his efforts to ensure that all precautionary health and social distancing guidelines are applied and followed in the BDB Group. Mr. Paul expressed his gratitude for having a member of the BDB family as part of this national initiative.

July 2020

Bahrain Development Bank Group was the Event Partner of MENA Angel Investors Summit 2019

Bahrain Development Bank (BDB) Group was the Event Partner of the MENA Angel Investors Summit 2019 which was organized by Tenmou – Bahrain’s first Business Angels Company. The summit, part of the Global Entrepreneurship Week (GEW), aimed at providing a platform to empower and connect local and regional startups with investors across the MENA region. This year, the summit introduced 29 of the best startups from Bahrain and the MENA region innovating in various industries ranging from health-tech and fin-tech to education and logistics.

November 2019

The Number of Small Loans Disbursed by BDB Group has Doubled by 2.5 Times During the First Half of 2019

Bahrain Development Bank Group’s (BDB) CEO Mr. Sanjeev Paul stated that the number of small loans disbursed in the first half of 2019 has doubled by 2.5 times comparing to the number of small loans disbursed in the same period of last year. “This is a great achievement by our Bank in supporting entrepreneurs, small businesses and SMEs who are a key pillar of the economy,” he said. The achievement is a result of BDB’s keenness to enhance its objectives and services that supports and develops SMEs through its comprehensive “Entrepreneurship Ecosystem” which is an integrated system consisting of a range of financial services in addition to non-financial services such as training, counselling, incubation, networking, creativity and innovation.

September 2019

The CEO’s Interview with Bahrain This Week

Please Click Here

August 2019

Bahrain Development Bank Co- Hosts a Luncheon with Investcorp for BFI Delegation from Singapore

As part of the continuing support of the local and startup eco-system Bahrain Development Bank (BDB) co-hosted a luncheon at the Capital Club for visiting members from the Business Families Institute (BFI) of Singapore for a GCC tour organized by Investcorp. Investcorp organized a week-long tour for the BFI delegates across three GCC cities which started in Bahrain and included Abu Dhabi and Dubai. The purpose of this tour was to provide the BFI members an opportunity to interact with the local business community, experience the art & culture and be exposed to the various focus sectors of economy including startups and SMEs.

May 2019

BDB in Collaboration with CrediMax Launch “Point of Sale Assignment” to Support Start-ups & SMEs

Manama 15.4.2019: Bahrain Development Bank (BDB) announced the launch of Point of Sales Assignment in collaboration with CrediMax. With a view to further support Start-up and SME’s, BDB has entered into a collaboration with CrediMax to be able to obtain “POS Assignment on card receivables.” This would provide credit mitigation and facilitate provision of financing to SMEs who are unable to provide other forms of security. The Point of Sale Assignment can be used by retailers and service providers that accept debit and credit cards as a mode of payment, to enhance the security package that is required for raising finance by simply assigning their point of sale sales proceeds to BDB.

April 2019

BDB Group CEO Sanjeev Paul’s interview with BEntrepreneur Magazine

[Please Click Here](/fileManager/CEO’s Interview with BEntrepreneur Magazine.pdf)

February 2019

BDB hosted a Dynamic Team Building Program for 27 Staff Members

Bahrain Development Bank (BDB) hosted its first ‘Dynamic Team Building Program’ for 27 of its young and ambitious employees at the Sofitel Bahrain Zallaq Thalassa Sea & Spa. The one-day program was designed by Golden Trust and taught by professional HABC level 3 Certified Trainer and Coach Sameera Ahmed Ali. The five-hour program, spearheaded by BDB Group CEO Sanjeev Paul, is part of an extensive three-year HR strategy initiated by BDB to further develop inter-departmental team excellence and leadership skills.

February 2019

BDB Participates in Bahrain International Garden Show 2019

The Bahrain Development Bank (BDB) has announced its participation at the Bahrain International Garden Show (BIGS), with a display showcasing various agricultural investment initiatives offered by the bank. The BDB highlighted various agricultural support schemes provided by the bank within the Kingdom that Bahraini’s and expats alike can take advantage of, such as the fully subsided agricultural support schemes; which can reach up to BHD 15,000 in financing at a 0% interest rate.

February 2019

Bahrain Development Bank adopts AWS cloud technologies as the foundation for its digital transformation

Bahrain Development Bank (BDB) announced that it has successfully migrated its website (bdb-bh.com) to Amazon Web Services (AWS) using a fully Serverless model. This comes as BDB embarks on a cloud adoption journey to transform its entire business to create efficiencies, innovate faster, and better serve customers. AWS Professional Services, along with AWS Consulting Partner Infonas WLL, are supporting the migration efforts to the AWS Cloud. Bahrain Development Bank (BDB) commenced its operations in 1992, as a specialist bank focusing on financing and development of small and medium businesses, to encourage and support entrepreneurship in the Kingdom of Bahrain.

February 2019

BDB Group Honors its Female Employees on Bahraini Women's Day 2018

BDB held a special event to acknowledge and honor the achievements of the women workforce across all its branches. The aim of the event, marking Bahraini Women’s Day celebrations, was to express gratitude and appreciation to women’s accomplishment in all work levels. The progress of Bahraini women leads to the development and advancement of their workplace and their country. This year’s theme of the Bahraini Women’s Day 2018 is devoted to honoring women in the legislative field and municipal work which was chosen to celebrate 20 years since Bahraini women entered the appointed Shura Council, and 15 years after their access to the elected representatives council and municipal councils.

December 2018

BDB’s Group CEO Sanjeev Paul Participated in MENA Angel Investors Summit as a Key Speaker and a Panelist

Bahrain Development Bank (BDB) Group Chief Executive Officer Sanjeev Paul participated in the MENA Angel Investors Summit 2018 which wasorganized by Tenmou. Mr. Paul who was a key speaker and a panelist at the event briefed the audience on BDB’s role in supporting the young entrepreneurs and the financial and non-financial services offered by the bank. “Bahrain is leading the way in supporting entrepreneurship through the progressive thinking of its leadership and institutions like Tamkeen and EDB and many more.

November 2018

The 10th Rowad MajlisHighlights the first robo-advisor aimed at Muslim Investors through a Sharia-complaint platform

Bahrain Development Bank (BDB), through its Rowad Team, organized the 10th Rowad Majlis. The annual event,attended by entrepreneurs and experts in the business field, highlighted the advantages and benefits of the Fintech industry and the appetite the businesses have for the Sharia-complaint products. The Majlis hosted Junaid Wahedna, Founder & CEO of Wahed Invest, an American-based Halal-Focused investment and the first robo-advisor aimed at Muslim investors through a Sharia-complaint platform.

October 2018

The CEO’s interview with Startup MGZN

Please Click Here

October 2018

The CEO’s Interview with Bizbahrain Magazine

Please Click Here

October 2018

BDB Group CEO Sanjeev Paul’s interview with Business in Gulf Magazine

Please Click Here

September 2018

Inagrab … One of Tech Startups Supported by SeedFuel Rowad Program

SeedFuel Rowad is an entrepreneurial funding program by Bahrain Development Bank. It is a pioneer accelerator program in Bahrain, providing startups at seed an early stages with coaching, mentoring, training, access to investors and networks, special startup services and perks, and up to BHD25,000 in equity investment funding. Inagrab is one of the startups supported by SeedFuel program. Inagrab is an artificially intelligent deal assistant that optimizes the online seller performance by recommending where to capitalize using real time market data.

September 2018

Daily Tribune Interviewed the CEO

Please Click Here

August 2018

BDB’s Rowad Talk featured Bahraini Entrepreneur Nezar Kadhem – Co-Founder & CEO of Eat App

Bahrain Development Bank’s (BDB) Rowad team organized its ongoing mentoring and educating session Rowad Talk. The talk hosted Bahraini entrepreneur Nezar Kadhem, co-founder and CEO of “Eat” digital application for on-line restaurants booking. During the event, BDB CEO Sanjeev Paul stressed on the importance of Rowad Talk and the vital role it plays in supporting entrepreneurs and providing them the opportunity to share their experiences and knowledge with experts, investors and institutions supporting the entrepreneurial sectors.

July 2018

Majra.me..One of Tech Startups Supported by SeedFuel Rowad Program

Seed Fuel Rowad is an entrepreneurial funding program by Bahrain Development Bank. It is a pioneer accelerator program in Bahrain, providing startups at seed and early stages with coaching, mentoring, and training, access to investors and networks, special startup services and perks, and up to BHD 25,000 in equity investment funding. “Majra.me” is one of the startups supported by SeedFuel program. “Majra.me” is an online millennial recruitment platform in the MENA region.

June 2018

Bahrain Development Bank launches $100m Venture Capital Fund

The Bahrain Development Bank (BDB) has launched a $100 million Venture Capital Fund of Funds aimed at boosting the start-up ecosystem in Bahrain and the Middle East. The fund was set up following instructions from HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and chairman of the Bahrain Economic Development Board (EDB). The Al Waha Fund of Funds will invest in venture capital funds that have a presence in Bahrain – providing additional capital to funds supporting start-ups in Bahrain and across the Middle East, said a statement.

May 2018

Rowad Talk Hosts Entrepreneur Elie Habib, Co-Founder of Anghami

As part of Startup Bahrain Week, Rowad talk – organized by Bahrain Development Bank’s Rowad program – hosted entrepreneur Elie Habib, co-founder of Anghami. The leading music streaming service in the Middle East and North Africa was launched in 2012. Mr. Habib and his partner Mr. Eddy Maroun seized the opportunity of lack of proper digital music service and launched Anghami. Since then, Anghami has reached over 40 million users, streaming over to 800 million songs every month.

March 2018

Press Releases

Archives