Treasury

SICO’s Treasury division manages the Bank’s liquidity while employing a client-focused approach to provide value-added services for clients across the GCC. In an effort to provide attractive sources of funding to pursue market opportunities, the Treasury division offers services including short-term money market, liquidity and hedging solutions, treasury bills, foreign exchange, collateralized lending through margin facilities for equities, and repos for fixed income. The Bank’s foreign currency services are diverse, with SICO acting as a settlement agent for its clients’ transactions across markets for cost efficient trading.

The Treasury division delivered a solid performance in 2021, achieving a total income of BD 1.43 million, net interest income of BD 678 thousand, and FX revenues of BD 759 thousand during the year. SICO continued to maintain a sound and liquid balance sheet throughout the year, with a capital adequacy ratio exceeding 57.7%, well above the CBB’s minimum requirement.