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  • PD-3.1 PD-3.1 Publication of Reviewed (Unaudited) Quarterly Financial Statements for Bahraini Conventional Banks

    • PD 3.1.1

      The content of this section is only applicable to Bahraini conventional bank licensees licensed by the CBB.

      Amended: July 2015
      Amended October 2010
      April 2008

    • PD 3.1.2

      Banks must prepare reviewed (unaudited) quarterly financial statements in accordance with IFRS for the first three quarters of their financial year.

      April 2008

    • PD 3.1.3

      Banks' unaudited quarterly financial statements must be reviewed by their external auditor who must also make a statement regarding the results of such review. Such review and statement should be made in accordance with the applicable International Standard on Review Engagements.

      Amended: October 2011
      Amended: October 2010
      April 2008

    • PD 3.1.4

      Extracts from the reviewed quarterly financial statements (including 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 must be published in one Arabic and one English daily newspaper widely available in Bahrain and on the bank's website within 45 calendar days of the end of the quarter to which such statements relate. (See Paragraph PD-5.1.2 for non-listed Bahraini conventional wholesale banks).

      Amended: July 2015
      Amended: April 2012
      Amended: January 2012
      Amended: April 2011
      Amended October 2010
      April 2008

    • PD 3.1.5

      Banks must submit a newspaper copy of the statements (referred to under Paragraph PD-3.1.4) to the CBB within two business days of publication clearly showing on which date and in which publication(s) the statements were published.

      Amended: July 2023
      Amended: July 2015
      Amended: April 2011
      Amended October 2010
      April 2008

    • PD-3.1.5A

      Banks must publish the disclosures required by Appendices PD-1 to PD-4 (as mentioned in Section PD-A.2) on their website in accordance with the deadline required under Paragraph PD-3.1.4.

      Added: July 2015

    • Additional Requirements for Semi Annual Disclosures

      • PD 3.1.6

        In addition to the requirements of paragraphs PD-3.1.1 to PD-3.1.5 above, banks must make all the quantitative disclosures required by section PD-1.3 with their half-yearly financial statements on their website, within 2 months of the end of the half-yearly financial statements, but the qualitative disclosure requirements of the Paragraphs listed below may be dispensed with at the option of the bank in their half-yearly statements:

        (a) PD-1.3.7 (a) to (b);
        (b) PD-1.3.8 and PD-1.3.8A to PD-1.3.8G;
        (c) PD-1.3.14;
        (d) PD-1.3.21 — PD-1.3.22;
        (e) PD-1.3.26 (a);
        (f) PD-1.3.27 (a);
        (g) PD-1.3.28 (a) to (c);
        (h) PD-1.3.30 (a);
        (i) PD-1.3.31 (a) to (d);
        (j) PD-1.3.34 (a); and
        (k) PD-1.3.35 (a).
        Amended: April 2016
        Amended: July 2015
        Amended: April 2012
        Amended: January 2011
        Amended October 2010
        April 2008

      • PD-3.1.7

        Banks must retain an ongoing archive of all applicable public disclosures required by Sections PD-1 and PD-3, including the required appendices on their website. This archive must contain historical data (as required depending upon implementation date) for a minimum period of five years.

        Added: July 2015