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  • BR-3.1 BR-3.1 Bahraini Conventional Bank Licensees

    • BR-3.1.1

      The content of this Section is applicable to all Bahraini Conventional banks licensed by the CBB in the Kingdom of Bahrain.

      Amended: April 2019
      Amended: October 2010
      October 2007

    • Prudential Information Returns

      • BR-3.1.2

        PIR Forms – All banks, referred to under Paragraph BR-3.1.1, must complete PIR forms (see Appendix BR-5), on a quarterly basis. This form is intended to be a financial report of the bank. Banks should therefore include on it all assets and liabilities of their head office and their branches in Bahrain and abroad and subsidiaries where applicable. Separate figures in respect of the head office or 'Bahrain operations' are not required.

        Amended October 2010
        January 09
        October 07

      • BR-3.1.3

        Please refer to the relevant International Accounting and Financial Reporting Standards for definitions, accounting and consolidation requirements applicable to subsidiaries.

        Amended October 2010
        January 09
        October 07

      • BR-3.1.4

        The forms referred to under Paragraphs BR-3.1.2 must be submitted to the CBB on a quarterly basis within 30 calendar days of the end of the reporting date.

        Amended: January 2022
        Amended October 2010
        October 2007

      • BR-3.1.5

        For guidance on completion of PIR, refer to guidelines under Appendix BR-4.

        Amended October 2010
        October 2007

      • BR-3.1.6

        The CBB requires all banks to request their external auditor to conduct a review of the prudential returns on a quarterly basis. The results of such review (in the form of an Agreed Upon Procedures report as shown in Appendix BR 9) must be submitted to the CBB no later than 2 months from the end of the subject quarter.

        Amended October 2016
        Amended October 2010
        January 09
        October 07

      • BR-3.1.7

        Banks which demonstrate to the satisfaction of the CBB that they have fulfilled all of the CBB's requirements with regard to Prudential Returns for at least two consecutive quarters may apply (in writing) to the CBB for an exemption from the review procedure set out in Paragraph BR-3.1.6 above. Such exemption may be withdrawn by the CBB at any time, should errors be detected.

        Amended: July 2012
        Amended: October 2010
        October 2007

      • BR-3.1.7A

        For Bahraini conventional bank licensees, all existing exemptions in respect of PIR review as at 31st December 2014 will cease.

        Added: April 2015

    • Information required for Annual and Interim Financial Review

      • BR-3.1.7B

        [This Paragraph was deleted in July 2021].

        Deleted: July 2021
        Added: April 2019

    • Financial Information

      • BR-3.1.8

        All banks, referred to under Paragraph BR-3.1.1, are required to submit to the CBB reviewed (unaudited) quarterly financial statements (in the same format as their Annual Audited Accounts) on a quarterly basis (within 2 months of the date of these statements).

        Amended October 2010
        October 2007

      • BR-3.1.8A

        All Bahraini conventional bank licensees must submit to the CBB at least 5 working days prior to the intended publication date and before their board of directors' meeting to discuss the interim financial statements, the following documents:

        (a) Draft interim financial statements; and
        (b) Completed Form: Information Required for Annual and Interim Financial Review (Appendix BR-21) prepared in accordance with Appendix BR-20.
        Amended: July 2021
        Amended: October 2014
        Added: July 2014

    • Compliance

      • BR-3.1.9

        The statements mentioned under Paragraph BR-3.1.8 should be in compliance with the requirements set out under Section PD-3.1.

        Amended: April 2011
        October 07

    • Largest Country Exposures

      • BR-3.1.9A

        All Bahraini conventional bank licensees must submit to the CBB details of their largest country exposures on a consolidated basis through Electronic Submission of Returns and Analysis of Data (ESRAD). This report must be submitted to the CBB within 20 calendar days of the end of the relevant quarter.

        Added: October 2017

    • Large Exposures Report

      • BR-3.1.10

        All Bahraini conventional bank licensees must submit to the CBB details of their large exposures in accordance with Appendix BR-19. This report must be submitted to the CBB within 20 calendar days of the end of the relevant quarter.

        Amended: July 2014
        Deleted: October 2011
        Amended: April 2011
        Amended October 2010
        October 2007

    • Overseas Banking Subsidiaries and Branches

      • BR-3.1.11

        All Bahraini conventional bank licensees must submit to the CBB details of their overseas banking subsidiaries and branches in accordance with Appendix BR-8. This report must be submitted to the CBB within one month of the end of the relevant quarter.

        Amended: July 2014
        Amended October 2010
        July 2009
        October 2007

    • Non-Banking Subsidiaries

      • BR-3.1.11A

        All Bahraini conventional bank licensees must submit to the CBB reviewed statement of financial position and income statement of their non-banking subsidiaries. If reviewed statements are unavailable, management accounts will be accepted by the CBB. These statements are to be submitted within one month of the end of the relevant quarter.

        Added: July 2014

    • Reporting of Complaints

      • BR-3.1.12

        In accordance with Paragraph BC-9.7.1, all banks must submit to the CBB Consumer Protection Unit, 20 days after the end of the quarter, a report on complaints.

        Amended: April 2022
        Added: October 2011