Category Archives: Press Release

​Al Salam Bank recently hosted its annual townhall for its employees at the Ritz Carlton Hotel. The event aimed to highlight key milestones and successes of 2021, as well as usher in a new phase of the Bank’s growth strategy launched earlier this year, coinciding with the reveal of its refreshed Brand DNA guided by a renewed set of principles, and the reveal of its new logo to reflect this new chapter.

Al Salam Bank inaugurated its newest branch at its headquarters, located in the Sanabis area, in the presence of Mr. Khalid Hamad Al Hamad, Executive Director of Banking Supervision at the Central Bank of Bahrain (CBB)

Al Salam Bank announced its sponsorship of the Bahrain 2021 Asian Youth Para Games, the biggest sporting event held for people of determination, under the patronage of His Highness Shaikh Nasser bin Hamad Al Khalifa

Al Salam Bank received a delegation of students from the American University of Bahrain at its headquarters in Manama at the start of November 2021

​Al Salam Bank was recently awarded as the ‘Best Domestic Bank in Bahrain – 2021’ as part of Asiamoney Middle East’s line up of awards for Best Bank, in light of the Bank’s solid financial performance and unwavering initiative in providing a diversified portfolio of banking products and services.

​Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) reported net profit attributable to shareholders of BD 5.6 million (US$ 14.8 million) in the third quarter of 2021 compared to BD 1.0 million (US$ 2.6 million) in the third quarter of 2020, reflecting an increase of 472%. The increase in net profit was driven by higher returns from the Bank’s fixed income portfolio along with lower provision charges as compared to the previous period. Earnings per share stood at 2.4 fils (US$ cents 6.4) for the third quarter of 2021 compared to 0.4 fils (US$ cents 1.1) for the same period in 2020, reflecting an increase of 500%. Total operating income for the quarter stood at BD 27.6 million (US$ 73.2 million), a 15 % increase from theBD 24.1 million (US$ 63.9 million) recorded in Q3 2020.

​l Salam Bank recently unveiled a refreshed logo, in line with its new human-centered Brand DNA, which prides itself on an ethos of forming deep relationships with clients by curating tailored and personal financial solutions. The Bank took a bold step by engaging the public for the design process wherein starting from inception, the logo was a result of a collective local effort and created by a Bahraini graphic designer, Masooma Dhaif, who was selected as the finalist as part of a design challenge launched on Al Salam Bank’s Social Media in February earlier this year, which called upon artists, creatives, and professional designers across the Kingdom to take part in developing a new logo for the Bank.

​Al Salam Bank successfully wrapped up the launch of its first community-led activation held under its Corporate Social Responsibility (CSR) platform, Al Salam Helping Hands. In collaboration with the local Bahraini artist, Abbas Al Mosawi, the Bank hosted several art pop-up events, which started with the Bank’s employees at the Brand DNA launch and was then extended to the public at the Avenues – Bahrain, on the weekend of the 15th of September, followed by City Centre Bahrain the following weekend ending with Seef Mall for the last weekend of September. On Sunday, October 17, Al Salam Bank unveiled a stunning mosaic in the form of a painting, curated by Abbas Al Mosawi, which brought together of all the individual artworks of the participants on the face of its headquarters.

​Al Salam Bank-Bahrain B.S.C. (“Al Salam Bank”) (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) has signed a memorandum of understanding and entered into discussions with Ithmaar Holding B.S.C. (“Ithmaar Holding”) (Bahrain Bourse and Dubai Financial Market Trading Code “ITHMR”), the parent of Ithmaar Bank B.S.C.(c), for the potential acquisition by Al Salam Bank of a group of assets from Ithmaar Holding’s group of companies.