We continuously strive to make our mark locally and internationally by implementing globally-recognized service standards and spearheading the creation of innovative banking products. In addition, we ensure that we always comply with the best industry practices and that our operating principles are efficient and reliable to control and avoid business disruptions and other potential risks that may affect our clients, employees, and stakeholders.
BBK adopts an ISO certification and robust business continuity program (ISO 22301:2019), comprising a comprehensive BCM Policy, Business Operations plans, and Disaster Recovery procedures. The Bank and our external auditors periodically review these policies and procedures before they are presented to the Board of Directors for revisions and approvals.
We are confident in the control and efficiency of these policies and procedures. We make sure that our practices result in an uninterrupted delivery of products and services even during critical events that may potentially cause business disruptions.
The flexibility of our Business Continuity Management and Disaster Recovery approach allows us to conduct our business effectively via remote locations at all times, even during events such as but not limited to: loss of services or infrastructure, denial of access, cyber-attack, pandemics, and regional crises.
BBK’s state-of-the-art Business Continuity and Disaster Recovery Center in Riffa is equipped with uninterruptible power supplies (UPS) and generators to ensure the continuity of all the essential financial services. In addition, it allows for a timely recovery after full or partial power loss. The facility is operated and managed by BBK’s IT Division 24/7.
All business and mission-critical data are backed up regularly and stored in an alternative site and Cloud-based storage facility. Backup, failover, and recovery tests are also conducted periodically.
We utilize business continuity plans that guide us in responding to unforeseen events, safeguarding our employees and property, making financial and operational assessments, and protecting data, information, and records.
Our Crisis Management Team (CMT) comprises members of the executive management and is designated to handle various crises and business
BBK’s Business Continuity Plan includes providing comprehensive insurance coverage and regular offsite data storage and backup systems maintenance. In addition, BBK will transfer critical business activities to the Business Continuity and Disaster Recovery Center if we cannot continue operations from our main premises. Recovery of essential processes and systems must be made within 4 hours upon activation of the business continuity plan. However, recovery times may vary based on specific conditions and can be subjected to external factors beyond the Bank’s control. In the event of a disruption to the Bank’s services, the Bank will provide regular updates through its website and social media channels. Moreover, the Bank will continue to offer its services via alternative channels, including branches, online banking, and mobile banking.
BBK performs annual real-time tests and simulation drills to measure the business continuity plan’s adequacy level and identify improvement areas. Capacity and resource requirements are also reviewed periodically.
All BBK employees must be aware of their business continuity and disaster recovery responsibilities. Moreover, they are required to undertake awareness training annually. In addition, those with primary recovery roles must regularly participate in periodic business continuity drills and tests.
The Bank’s business continuity plan complies with the guidelines issued by regulatory bodies and is subject to regular internal, external, and regulatory reviews. BBK’s business continuity program is reviewed annually by the Bank’s Internal Audit and ISO 22301 Certification body.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more