CP-2.3.4

Past version: Effective from 01 Oct 2012 to 31 Mar 2014
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The contribution of each conventional retail bank licensee in the total amount of the Fund is determined on an annual pro-rata basis of the total Eligible accounts of all conventional retail bank licensees in Bahrain. The CBB provides the Board with the necessary data to allow it to determine the amounts of contributions each conventional retail bank licensee must make. The Board may allow the conventional retail bank licensees to make its contribution in the form of monthly installments which shall be charged against the profit & loss account of the banks.

October 2012