{{EngvarB|date=November 2016}} {{Use dmy dates|date=November 2016}} {{Infobox company |name = Bahrain Development Bank B.S.C. |logo = |type = State owned |traded_as = |area_served = Bahrain |key_people = '''Mohammed Bin essa al Khalifa''' <br/>(Chairman) <br/> '''Sanjeev Paul''' <br/> Chief Executive Officer |industry = Banking<br />Financial services |products = Finance and insurance<br />Consumer Banking<br />Corporate Banking<br />Investment Banking |revenue = {{Decrease}} $27.59 million (2015) |net_income = {{Increase}} $2.74 million (2015) |assets = {{Increase}} 514 million (2015) |equity = {{Increase}} $204.3 million (2015) |num_employees = 203 (2015) |subsid = |footnotes = |intl = |slogan = |homepage = {{url |http://www.bdb-bh.com/}} |foundation = {{Start date and years ago|1991|12|11|df=y}} |location_city = Manama |location_country = Bahrain |location = |market cap = |customer base = |dissolved = }}

The '''Bahrain Development Bank''' ('''BDB''') (Arabic: بنك البحرين للتنمية) is a development finance institution established to by the Government of Bahrain to promote investments in the country.<ref>{{Cite web|url=http://www.bdb-bh.com/index.php?page=content&id=22|title=Profile - BDB|last=|first=|date=|website=|publisher=BDB|access-date=2016-11-28|archive-url=https://web.archive.org/web/20161224230851/http://www.bdb-bh.com/index.php?page=content&id=22|archive-date=24 December 2016|url-status=dead}}</ref> BDB is registered with the Ministry of Industry and Commerce and licensed by the Central Bank of Bahrain as a conventional retail bank.<ref name=":1">{{Cite web|url=http://www.bdb-bh.com/results/15_87_PD%20Disclosure%2030062014%20-%20Final.pdf|title=BDB - Basel II Pillar III Disclosures For the six months ended 30-Jun-14|last=|first=|date=2014-06-30|website=|publisher=BDB|access-date=2016-11-29|archive-url=https://web.archive.org/web/20161129211336/http://www.bdb-bh.com/results/15_87_PD%20Disclosure%2030062014%20-%20Final.pdf|archive-date=29 November 2016|url-status=dead}}</ref>

== Overview == Bahrain Development Bank provides a variety of financial services that are tailored to meet the needs of small and medium businesses in Bahrain.<ref name=":0">{{Cite web|url=http://www.moic.gov.bh/En/MoIC%20Centers/BahrainInvestorsCenter/BusinessEnv/FinancingOptions/Pages/The%20Bahrain%20Development%20Bank.aspx|title=The Bahrain Development Bank|last=|first=|date=|website=|publisher=Bahrain Ministry of Industry, Commerce & Tourism|access-date=2016-11-29|archive-url=https://web.archive.org/web/20161129211634/http://www.moic.gov.bh/En/MoIC%20Centers/BahrainInvestorsCenter/BusinessEnv/FinancingOptions/Pages/The%20Bahrain%20Development%20Bank.aspx|archive-date=29 November 2016|url-status=dead}}</ref> These include business finance, Islamic financing and Tamkeen finance to manufacturing, agribusiness, healthcare and other services sectors.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=35115438|title=Company Overview of Bahrain Development Bank B.S.C|last=|first=|date=|website=Bloomberg Businessweek|publisher=Bloomberg L.P.|access-date=2016-11-29}}</ref>

BDB's headquarters are in Diplomatic Area, Manama, Bahrain. {{As of|2015|December|31}}, the total asset valuation of the bank was approximately US$514 Million (BHD:194 Million), with shareholder's equity of about US$204.77 million (BHD:77.19 million) and a branch network of six full-fledged branches and two satellite branches.<ref name=":2">{{Cite web|url=http://www.bdb-bh.com/results/61_81_BDB%20Annual%20Report%202015%20Eng.pdf|title=BDB 2015 Annual Report|last=|first=|date=2015-12-31|website=|publisher=BDB|access-date=2016-11-29|archive-url=https://web.archive.org/web/20161129151236/http://www.bdb-bh.com/results/61_81_BDB%20Annual%20Report%202015%20Eng.pdf|archive-date=29 November 2016|url-status=dead}}</ref>

== History == The BDB was established by Legislative Decree number 19 on 11 December 1991 and commenced operations as a bank on 20 January 1992.<ref name=":1" /> Its main agenda was to promote investments in Bahrain especially in crucial industries.<ref>{{Cite web|url=http://www.bdb-bh.com/results/64_74_BDB%20AR%202013%20English.pdf|title=BDB 2013 Annual report|last=|first=|date=2013-12-31|website=|publisher=BDB|access-date=2016-11-30|archive-url=https://web.archive.org/web/20161130192000/http://www.bdb-bh.com/results/64_74_BDB%20AR%202013%20English.pdf|archive-date=30 November 2016|url-status=dead}}</ref> The initial paid in share capital was BD 10 million, of which BD 7.25 million was subscribed by Government agencies, with the balance coming from local commercial banks and the private sector. A commitment from Government to provide BD 4 Million by way of loan at 2% per annum for each of the first ten years was intended to eventually boost resources to BD 50 million. Mr. Isa A. Borshaid, at the time Undersecretary at the Ministry of Finance, was the founding chairman of the board, and Roger J Webster – formerly senior vice president, business development and project management of the GCC's Gulf Investment Corporation Kuwait – was appointed chief executive officer.

By 31 December 1993, 19 staff were in post and 49 projects with an expected total cost of BD 27.829 million had been approved for investment. The bank's contribution to this cost was BD 4.990 million (17.9%). Twenty-four of the approvals were start-ups with an expected project cost of BD 21.810 million, and some 36 of these approvals – mainly smaller projects to which the bank's contribution was in the region of 32% – had received full disbursement or were at the final legal documents stage. As the bank was still absorbing start-up costs it was not yet profitable, reporting a cumulative loss at the year end of BD 45,274 after charging interest on the government loan of BD 181,404. The bank's 1993 annual report contains much information on its organisation and operations.

In May 1994, the bank became the first Gulf financial institution to qualify as a European Community Investment Partner (ECIP), giving the Bahraini private sector the opportunity to access funding and support from Brussels and European industry, and a wide network of contacts.

By October 1994 Khalid S.S. Shaheen had taken over from Roger Webster, whilst earlier in the year Shaikh Ebrahim Bin Khalifa Al Khalifa had become the bank's chairman, having replaced Isa Borshaid as Undersecretary at the Ministry of Finance.

In 2014, BDB signed an agreement with Small Industries Development Bank of India to promote start-ups. In this agreement, SIDBI committed to providing technical assistance to BDB in risk management and credit management to further BDB's missions.<ref>{{Cite web|url=http://www.business-standard.com/article/finance/sidbi-and-bahrain-development-bank-seal-deal-to-help-sme-114021901047_1.html|title=SIDBI and Bahrain Development Bank seal deal to help SME|last=|first=|date=February 19, 2014|website=|publisher=|access-date=November 30, 2016}}</ref>

In 2014, BDB launched the Imagine Cup Competition in collaboration with Microsoft to support entrepreneurs and creators to establish solutions geared to resolve some of the world's toughest challenges.<ref>{{Cite web|url=http://www.twentyfoursevennews.com/media/microsoft-bdb-joins-hands-for-imagine-cup-2014/|title=Microsoft -BDB joins hands for Imagine Cup 2014|last=|first=|date=April 3, 2014|website=|publisher=|access-date=2016-11-30}}</ref>

In 2015, Moody's assigned a Baa2/Prime-2/Negative rating to BDB due to the bank's high-risk loan portfolio and reliance on public funding.<ref>{{Cite web|url=https://www.moodys.com/research/Moodys-Bahrain-Development-Banks-government-ownership-and-robust-capital-levels--PR_317757|title=Moody's: Bahrain Development Bank's government ownership and robust capital levels are credit positive|last=|first=|date=4 February 2015|website=|publisher=|access-date=2016-11-30}}</ref>

== Member companies == Other than its development banking core business, BDB also has subsidiaries and investments that are geared towards achieving its objectives. The companies that comprise the Bahrain Development Bank subsidiaries and investments include, but are not limited, to the following:<ref name=":2" />

* '''Bahrain Business Incubator Centre''' – 100 percent shareholding – Development and assistance to emerging entrepreneurs. * '''BDB SME Fund Company''' – 99 percent shareholding – Managing SME funds * '''Middle East Corner Consultancy''' – 28.6 percent shareholding – Consultancy to small and medium enterprises * '''Arabian Taxi Company''' – 20 percent shareholding – Operating and managing taxi services. * '''EBDA Bank''' – 20 percent shareholding – Providing microfinance and related advisory services.

All these subsidiaries and investments are held in Bahrain.<ref name=":2" />

== Ownership == The shares of the stock of Bahrain Development Bank are all held by the Government of Bahrain.<ref name=":0" /> This makes BDB a government parastatal.

== Governance == Bahrain Development Bank is governed by an eight-person board of directors, with '''Ghassan Ghaleb Abdulaal''' serving as the chairman of the group and '''Dalal AlQais''' as the CEO.<ref name=":2" />

== See also == {{Portal|Banks}} * List of banks in Bahrain * List of national development banks

== References == {{Reflist|30em}}

== External links == * [http://www.cbb.gov.bh/ Central Bank of Bahrain] * [http://www.moic.gov.bh/en/Pages/Home.aspx Bahrain Ministry of Industry and Commerce] {{Webarchive|url=https://web.archive.org/web/20191102000213/http://www.moic.gov.bh/eN/Pages/Home.aspx |date=2 November 2019 }}

Category:1992 establishments in Bahrain Category:Banks of Bahrain Category:Banks established in 1992 Category:Companies based in Manama Category:National development banks