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Bahrain
J.P. Morgan in Bahrain
Local expertise. Global resources. Our commitment to Bahrain.
J.P. Morgan has had a presence in Bahrain for more than 50 years. Chase Manhattan Bank first opened its offices in Bahrain in 1972 and was one of the first US banks to have an onshore presence in the Kingdom. Over the years, following the merger with Manufacture Hanover, Chemical Bank, Robert Flemings and finally JPMorgan, JPMorgan Chase Bank was formed in 1999.
The local office strategic focus continues to support all business related to Corporate and Investment Bank (CIB) activities with a strategic focus towards servicing the Wholesale Payments needs of the local Financial Institutions and Public Sector clients. Our dedicated sales coverage and client service team based in Bahrain continues to be a key component of our service offering to the local Bahraini market. In addition, JPMorgan Bahrain office coverage bankers oversee regional business activities in select lines of business including Trade Finance and Treasury Services.
JPMorgan Chase Bank, N.A. is licensed as a conventional wholesale bank by the CBB
JP Morgan Bahrain is branch of JPMorgan Chase Bank, N.A. (USA)
J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in 2020, JPMorgan Chase will deploy $2 billion in philanthropic capital around the world by 2025. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.
Our Local History
With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability. Below you will find major milestones from the firm’s history in Bahrain. The institutions listed in the timeline are several examples of the over 1,200 predecessors that make up today’s JPMorgan Chase.
- 1971: Chase Manhattan Bank opens a branch in Manama, which becomes the hub for its Middle East business.
- 1975: Chase Manhattan Bank establishes an offshore banking unit, one of the first in Bahrain.
- 1976: Chemical Bank opens an offshore banking unit branch in Manama, dealing in Eurocurrencies and commercial banking.
- 2006: JPMorgan Chase Treasury Services in Bahrain completes its first-ever trade transaction structured to comply with Islamic law, known as a Murabaha agreement. The deal is with the Islamic Development Bank, a multilateral bank that provides more than US$2 billion in trade financing annually to support the development of more than 50 member Islamic countries.
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