PD-5 PD-5 Public Disclosure via the Internet
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
PD-5.1 PD-5.1 Publication and disclosure of financial results
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
Existing requirements
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
PD-5.1.1
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
All locally incorporated banks are required to disclose their quarterly financial statements to the public within 60 days of the end of each quarter. Disclosure to the public should be by way of an announcement in the local press of the balance sheet and profit and loss account (with certain other additional disclosures as outlined in Chapters PD-1 to PD-4).
October 07Criteria for application for disclosure via the internet
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
PD-5.1.2
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
Non-listed locally incorporated IBs and OBUs may apply to the Central Bank to disclose their quarterly financial statements via the internet. If a bank wishes to cease disclosure of quarterly financial statements via the local press, it must satisfy the following criteria:
(a) The bank has noshareholder s resident in Bahrain.(b) The bank has no customers resident in Bahrain. Customers include borrowers, depositors, investment account holders or persons from whom the bank earns fees or commissions. 'Customers' in this context would not include other banks, but would include Bahraini corporations, the Government of Bahrain and its agencies, and private individuals (whether high net worth or not).(c) The bank does not market itself in any way to residents of Bahrain. In particular, the bank should not market funds or other financial products to residents, even if the bank has no on balance sheet assets or liabilities arising from Bahraini residents.October 07PD-5.1.3
This version of Module PD was replaced in April 2008. Click here for the current Module PD.
Banks meeting all of the above criteria may apply to the Central Bank to disclose their quarterly financial statements by way of their website instead of by way of the local press.
October 07
