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  • PD-1.2 PD-1.2 Requirements for Annual Audited Financial Statements and Annual Report for Bahraini Conventional Banks

  • Publication of Annual Audited Financial Statements

    • PD-1.2.3

      Banks must publish extracts from their audited annual financial statements in one Arabic and one English daily newspaper within 2 months of the end of the financial year. The newspaper disclosures may be edited, but must include at a minimum the statement of financial position (balance sheet), the statements of income, cash flow and changes in equity and where applicable, the statement of comprehensive income. The newspaper disclosures must also be placed on the bank's website within one week of publication.

      Amended: April 2012
      Amended: April 2011
      Amended October 2010
      April 2008

    • PD-1.2.4

      The newspaper disclosures should include a reference to the fact that the published figures "have been extracted from financial statements audited by XYZ auditors, who expressed an unqualified opinion on (dated report)". Banks must disclose in full any audit qualifications or matter of emphasis paragraphs contained within the auditor's opinion. The auditor's opinion must be made in accordance with the International Standards on Auditing as established by the International Federation of Accountants.

      April 2008

    • PD-1.2.5

      Banks must submit a copy of the newspaper extracts from their annual audited financial statements to the CBB within two business days of publication in the concerned newspapers clearly showing on which date and in which publications the statements were published.

      Amended: July 2023
      Amended: April 2011
      April 2008

  • Submission of Annual Report

    • PD-1.2.6

      All Bahraini conventional bank licensees must submit a soft copy (electronic) of their annual report to the CBB, including the full disclosures and appendices prescribed in this Chapter within 4 months of the end of the bank's financial year.

      Amended: April 2016
      Amended: July 2015
      Amended: April 2011
      Amended October 2010
      Amended October 2009
      April 2008

    • PD-1.2.7

      Banks are also required to place the annual report with full disclosures and appendices on their website (see also PD-1.3.8(h)) within one week of submission to the CBB.

      Amended: July 2015
      Amended: April 2011
      Amended October 2010
      April 2008