Wholesale Bank (Branch)
– Bahrain

Bahrain Offshore Banking

Overview

Expanding Horizons, Securing Success!

Askari Bank’s Wholesale Banking Branch in Bahrain has been serving global clients since 2003, operating under the regulatory framework of the Central Bank of Bahrain (CBB). Established with an Offshore Banking Unit license and later transitioned in 2006 to a conventional wholesale banking license, the branch continues to deliver a wide spectrum of permitted operations with international standards of governance and compliance. Positioned at a strategic financial hub, our Bahrain branch enables seamless cross-border banking, trade facilitation, and treasury services for corporates and institutions. With a focus on integrity, innovation, and efficiency, we provide clients with reliable financial solutions that extend Askari’s trust and excellence beyond borders.

Connect today with Askari Bahrain for tailored offshore solutions.  

Bahrain’s Personal Data Protection Law (PDPL) 30 of 2018 – Privacy Notice 

Schedule of Bank Charges

Services

Askari Bank Limited, Wholesale Bank (Branch) offers a wide range of products & services to its customers including, but not limited to, the following:  

  • Trade Finance
  • Import Services:
    • Documentary Letters of Credit
    • Import Documentary Collection
    • Different types of import financing
  • Export Services:
    • LC Advising
    • LC Confirmation
    • Bill Discounting/Finance against foreign bills
    • Export Documentary Collections
  • Guarantees:
    • Bid Bonds
    • Performance Bonds
    • Advance Payment Guarantees
    • Counter-Guarantees of the Correspondent Banks
    • Other Guarantees
  • Treasury & Institutional Banking
    • Buying /Selling of Foreign Exchange in major Currencies
    • Cross Currency FX Transactions
    • Fixed Income Portfolio
    • Foreign Exchange Futures/Forwards
    • Currency Swap
  • Private and Corporate Banking
    • Deposits-Non-Checking Accounts
    • Demand- Attractive rates offered
    • Current and Fixed-Attractive rates offered
    • Four Currencies
    • Facilities
    • OD
    • Lien over deposits
  • Syndicated Term Facilities
  • Working Capital Facilities

The following are some functions performed by WBB – Bahrain:

  • Focus on Customer Deposit Mobilization within the GCC region
  • Act as an Investment arm of AKBL Treasury Division for the deployment of surplus funds
  • Building a Fixed Income Investment Portfolio by investing in multi-country Sovereign Bonds
  • Engaging in FX transactions for clients
  • Building an Investment portfolio by investing in a Syndicated loan portfolio
  • Investing in Syndicated Risk Participation deals
  • Investing in Sovereign Islamic Sukuk Bonds and Corporate Bonds
  • Providing trade finance facilities to clients, including LC’s, LG’s and bill discounting
  • Providing credit facilities to clients through effective collateralization
  • Raising liquidity form the regional banks by way of Repo and clean lines. 

Contact Details


Branch NameAskari Bank Limited Wholesale Bank (Branch), Bahrain
AddressOffice 102, Building 403, Road 1705,
Diplomatic Area 317, P.O. Box Number 11720,
Manama, Kingdom of Bahrain 
Telephone+973 17530500
Fax+973 17532400
Emailwbbbh@askaribank.com.pk
Branch TimingMonday – Friday
8:00 am – 5:00 pm
Commercial Registration49956-1
VAT Account Number220000448900002
SWIFTASCMBHBM
Complaints Officer Contact Details for:
For Wholesale Bank (Branch)-Bahrain
Email: wbbcomplaints@askaribank.com.pk
Telephone: +973 17530500

Purpose Codes

Purpose Codes for All Cross-Border SWIFT Payments in Bahrain

As per the instruction of the Central Bank of Bahrain, effective May 31, 2021, (Purpose of Payment Code) Field must be provided for all cross-border SWIFT transfers in Bahrain, as per the list of purpose codes available on Askari Bank Limited, Wholesale Bank (Branch) Bahrain official website.

To view Purpose Codes for All Cross-Border SWIFT Payments in Bahrain click here!

Complaints & Feedback

Customer satisfaction at Askari Bank Limited, Wholesale Bank (Branch) – Bahrain, is a prime concern, the bank recognises the right of its customers to complain. To report complaints, please follow the instructions mentioned below. 

Complaints – Guide (English)

Complaints – Guide (Arabic) 

Notable Transactions



  • Standard Chartered Bank led Government of Pakistan trade finance deal for USD 300 Million, AKBL participation USD 50 Million.    

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  • International Islamic Trade Finance Corporation led Syndicated Murabaha Trade financing of USD 300 million for Egypt Petroleum Company, AKBL share USD 10 Million. 

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  • Participation in International syndicate facility of USD 358 Million for Access Bank Nigeria through Mashreq Bank, AKBL share USD 5 Million.
  • Participation in International syndicate facility of USD 87 Million for United Energy Pakistan Limited led by SCB, AKBL share USD 25 Million. 
  • Participation in Bank Sohar Oman International syndicate 3 years term loan facility for USD 250 Million, AKBL share USD 9 Million.
  • Participation in International syndicate facility of USD 750 Million for Egypt Petroleum Company, AKBL share USD 10 Million.

        
       
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  • Participation in 2018 for USD 50 Million syndicate financing deals for Ocean Pakistan and Orient petroleum led by SCB, AKBL share USD 15 Million. Bilateral international loan of USD 6 Million to Orient Petroleum with Ocean Pty.
  • Participation in USD 36 Million syndicate finance facility for Rousch Power Pakistan Limited led by SCB, AKBL share USD 7.5 Million.


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  • Risk participation (funded) in syndicate facility to Gulf Air via Bank ABC, AJBL amount USD 5 Million. 
  • Participation in International term finance facility syndicate for Emirates Wanan, AKBL share USD 5 Million.

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No documents available.


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Last Updated: 24 June, 2026

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