The Bahrain Development Bank is a development finance institution established by the Government of Bahrain to promote investments in the country. Bahrain Development Bank is registered with the Ministry of Industry and Commerce and licensed by the Central Bank of Bahrain as a conventional retail bank. Overview Bahrain Development Bank offers a variety of financial services tailored to the needs of small and medium businesses in Bahrain. This includes business finance, Islamic finance and Tamkeen financing in the manufacturing, agricultural, healthcare and other services sectors. The headquarters of Bahrain Development Bank is located in the Diplomatic Area in the Bahraini capital, Manama. As of December 31, 2015, the total valuation of the bank's assets amounted to US$ 514 million (BD 194 million) and shareholders' equity amounted to about $ 204.77 million (BD 77.19 million) and a branch network of six full branches and two mobile branches. the date The Bank was established by Legislative Decree No. 19 on December 11, 1991 and commenced operations on January 20, 1992. Its main agenda was to encourage investments in Bahrain, particularly in vital industries. In 2014, the Bahrain Development Bank signed an agreement with the Small Industries Development Bank of India to encourage startups. In this agreement, the Institute committed to provide technical assistance to the Asian Development Bank in risk management and credit management to continue the tasks of the Asian Development Bank. In 2014, the Asian Development Bank launched the ImagineCup competition in collaboration with Microsoft to support entrepreneurs and innovators in developing targeted solutions to solve some of the world's toughest challenges. In 2015 Moody's rated it Baa2/Basic-2/Negative for Bahrain Development Bank due to the bank's subprime loan portfolio and reliance on public funding.
