BBK annual report eng 21.5.5

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H.M. King Hamad bin Isa Al KhalifaKing of BahrainH.H. Shaikh Jaber Al Ahmed Al SabahThe Amir of the State of KuwaitContents03 Financial Highlights04 Performance Highlights05 Chairman’s Statement08 Board of Directors10 Management Review16 Executive Management18 Financial Review22 Risk Management25 Additional Disclosures32 Auditors’ Report33 Consolidated Financial Statements
Our VisionBank of Bahrain and Kuwait will be the premier regional financial services enterprise inproviding superior products and services of high quality through innovation, technology and‘life long’ customer relationships.The Bank will expand its overseas presence in more locations in which it chooses to operatein order to satisfy the diversified needs of customers. We believe customers are the drivingforce in everything we do. We will not compromise on our absolute commitment to providingthe very best in customer service.We believe our people are our number one asset with the highest degree of competence,integrity and professionalism. We instill in our people the principles of entrepreneurship,decision-making and ownership through our commitment to training, development, delegationand performance based reward systems.We are determined to utilise ‘cutting edge’ technology which we recognise as most critical insupporting our short, medium and long-term business objectives.Our shareholders are the source of our financial str<strong>eng</strong>th and can expect continued growthand profitability. They are supportive and are confident of our vision of the future.Annual Report 2004 00| 01
Page 1: Annual Report2004
Page 5 and 6: Financial Highlights2000 2001 2002
Page 7 and 8: Chairman’s StatementFinancial per
Page 9 and 10: AppreciationOn behalf of the Board
Page 11 and 12: Hamad Ahmad Al BusairiDirectorMoham
Page 13 and 14: 95%Bahrainisation levelBBK became t
Page 15 and 16: CustomersTo meet the challenges pos
Page 17 and 18: 34%Utilization in internet home ban
Page 19 and 20: Abdul Karim Ahmed BucheeryAmit Kuma
Page 21 and 22: Operating expensesTotal operating e
Page 23 and 24: Treasury bills and inter-bank depos
Page 25 and 26: Liquidity riskLiquidity risk is def
Page 27 and 28: Additional DisclosuresI. Corporate
Page 29 and 30: 9. DutiesThe Committee shall:9.1. D
Page 31 and 32: Board of DirectorsGeneral ManagerCh
Page 33 and 34: XII. Disclosure Standards Requireme
Page 35 and 36: Consolidated Financial Statements34
Page 37 and 38: Consolidated Income StatementYear e
Page 39 and 40: Consolidated Statement of Changes i
Page 41 and 42: 3 Significant accounting policies (
Page 43 and 44: 3 Significant accounting policies (
Page 45 and 46: 6 Loans and advances to customers20
Page 47 and 48: 7 Non-trading investment securities
Page 49 and 50: 16 Cumulative changes in fair value
Page 51 and 52: 22 Segmental information (continued
Page 53 and 54:
25 DerivativesIn the ordinary cours
Page 55 and 56:
26 Commitments and contingent liabi
Page 57 and 58:
30 Interest rate risk management (c
Page 59 and 60:
30 Interest rate risk management (c
Page 61 and 62:
33 Liquidity risk (continued)As of
Page 63:
39 Deposit protection schemeDeposit
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BBK annual report eng 21.5.5

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