We’ve been in the UK since 2003, but the origins of the BFC Group date back more than a century. We provide financial services in over 55,000 locations in 40countries. We’ve built a long-established and well-respected reputation for moving money safely, transparently and efficiently.
Our aim is to become a trusted banking partner for businesses that require access to cash management facilities, international and UK payment services. This is accomplished through our Values as follows:
We are passionate about understanding our clients and responding in a manner that meets their needs.
We work hard looking for ways to improve our operations through creativity and innovation. We are a professional, diverse team that connects with our clients.
Bahrain is a dynamic commercial hub. For over 4,000 years, it has been a financial centre and major trade route. Its economic heritage dates back to when the Dilmun civilisation controlled the Persian Gulf.
This Gulf is renowned for document seals whose form and decoration show the active role they played in Dilmun society. Document seals from Dilmun were used extensively across the Middle East and North Africa. They provide evidence of long-distance commerce in copper and other goods between ancient civilisations.
Each Dilmun seal had its own intrinsic value and story. Some were used as charms, talismans and stamps on property. Some depict Gilgamesh, the oldest heroic figure in literature, who killed the ‘Bull of Heaven’. The bull’s head inspires the brand image of BFC Bank.
Bahrain was the first Gulf state to discover oil in 1932. It benefitted from the wealth this created to become one of the dominant economic centres in the Gulf Corporation Council (GCC). It was also the first Gulf state to move away from dependence on oil. It has been the region’s leading financial centre since the 1980s.
Bahrain was one of the first bourses in the GCC to list instruments such as preferred shares, bonds, Islamic Sukuks and mutual funds.
Bahrain Stock Exchange has a market capitalisation of USD19 billion. It has a wide range of listed securities and 400 diverse financial services companies. These are made up of local, regional and international firms. Its modern banking system combines cutting-edge digital technology with age-old traditions to make it one of the world’s fastest growing banking and financial centres.
The Bahrain Financing Company (BFC) was founded in Bahrain in 1917 to trade gold bullion and foreign currency. It built a recognised and well-respected reputation for moving money safely, transparently and efficiently.
1991 – Bahrain Exchange Company, Kuwait was established; now a leading foreign exchange and money transfer specialist.
2003 – BFC Exchange Limited (formerly known as EzRemit Limited) was established in the UK.
2008 – Bank Alkhair Bahrain acquired a controlling stake in BFC and formed BFC Group Holdings W.L.L. Bahrain (BFC Group).
2013 – BFC Wholesale Currency Services was launched in the UK to engage in wholesale buying and selling of travel related banknotes.
September 2016 BFC Bank Limited received authorisation by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) in the UK.
2017 – BFC celebrates its Centenary. Today it is present in over 40 countries with more than 55,000 agent locations worldwide and is a leading Global Money Transfer Operator.
BFC Group’s strategy continues to expand its operations beyond Bahrain and Kuwait. BFC Exchange is now a trading name within BFC Bank Limited whose two core business activities are personal retail remittances and retail foreign exchange. BFC Exchange operates from 15 branches in the Greater London area and an online remittance solution. EzRemit is the payment product of BFC Exchange. It is the brand name of BFC’s Global Money Transfer Operator (GMTO) for small value remittances. EzRemit is a centralised hub that supports cross-border payments on behalf of BFC Group, its affiliates and third party agents in the UK and overseas.
BFC Bank Limited, 9th Floor, South Quay Building, 189 Marsh Wall, London E14 9SH
BFC Bank is a trading name of BFC Bank Ltd authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority Financial Services Register number: 716167. BFC Bank Limited Registered in England and Wales, company number 4797759.
© BFC Bank 2020