BBK, Bahrain pioneer in retail and commercial banking announced the opening of its third branch in India, at Aluva, in Kochi (Kerala) on May 24TH 2013.
The Branch was inaugurated by the Prof. K.V. Thomas, Minister of foods and Consumer Affairs, Govt. of India and Mr. Anwar Sadath, MLA, Mr. V.D. Satheesam, MLA, Mr. Jacob Moothedan, Chairman Aluva Municipality in the presence of members, of the BBK Executive Committee as well as the senior management, headed by Mr. A.Karim Bucheery, BBK Chief Executive and Mr. Mallikarjun Kota, Country Head - BBK India
BBK's presence in India dates back to 1985 with the opening of its first branch in Mumbai, followed by a second one in Hyderbad. Then in 2012, the Reserve Bank of India granted BBK the license to operate the third branch in the country, in Kochi.
During the press conference held on this occasion, Mr A.Karim Bucheery commented: "We are very pleased to strengthen our presence in India considering the strong ties between the Kingdom of Bahrain and the Republic of India, built over long decades. Even before entering the India market, BBK has always focused on offering products and services to the NRI (Non Resident Indians) community from its Bahrain, Kuwait and UAE branches"
Like the other BBK branches in India, the Cochin branch is equipped with full fledged NRI desk that cater to a variety of needs of Non-Resident Indians like personalized banking, equity broking and wealth management. It offers full-fledged services and facilities to Corporate customers including small to medium enterprises |(SMEs), while it will further widen the base of resident customers.
"Our commitment to growing our business in India, in line with our overall expansion strategy, is ongoing and we have already applied for a license to establish a fourth branch in one of the main cities of the country. India has
enormous growth potential and we anticipate new opportunities to leverage our GCC presence there and to capitalise on trade flows and money transfers between India and the GCC" added Mr. Bucheery.
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About BBK
BBK has been the pioneer in Commercial Banking for 40 years in the Kingdom of Bahrain. As a revolutionary market leader, BBK has built a name and reputation which is respected locally as well as internationally. To maintain this reputation, BBK has been at the forefront, incorporating the latest technologies to provide the finest services. One example of which is the e-banking solutions offered by BBK, which provide new generation services through its user friendly award winning website www.bbkonline.com, along with the telebanking, cash depository machines and automated teller machines services. BBK is proud to be honored for its Corporate Governance by the "Hawkamah Institute for the 3rd consecutive year. This award has become a prestigious, competitive and highly coveted bank award that highlights the industry's strong commitment to good corporate governance.
For Media Enquiries, you may contact:
Abeer Swar
Officer
BBK- Corporate Communications Department
P.O. Box 597
Kingdom of Bahrain
Tel:17207240
Fax:17215587
email:swar@bbkonline.com
Website : www.bbkonline.com
© Press Release 2013
