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Bahrain banking sector showcased at IMF meet

Manama, October 16, 2012

The Banks in Bahrain reception, organised by the Bahrain Association of Banks (BAB) on the sidelines of the annual World Bank/IMF meetings in Tokyo, successfully showcased the banking and financial sector in the Kingdom.

The event, which was held in association with Financial Times Business, attracted more than 400 guests to the prestigious Kaikan Tokyo, including representatives of many Japanese institutions that are looking to invest in Bahrain.

The reception was attended by members of the Bahraini delegation to the IMF/World Bank meetings, led by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, Central Bank of Bahrain Governor Rasheed Al Maraj and BAB chairman and chief executive of BBK Abdulkarim Bucheery.

Also attending were the ministers of finance of three countries, five central bank governors, chairmen and chief executives of major banking groups, diplomats, businessmen, and the media.

"The reception in Tokyo comes at an opportune time as the two countries celebrate 40 years of formal diplomatic relations this year," said Bucheery.

"It also follows on from the state visit of His Majesty King Hamad to Japan in April, which resulted in the signing of a number of important agreements and a successful Bahrain trade exhibition.

"The main objective of the reception is to promote Bahrain to an international financial audience and create a prestigious modern presence highlighting the kingdom's exceptional status as a regional financial leader in the Middle East. The reception is an excellent networking opportunity to further mutual business interest."

The event was supported by the CBB and sponsors included, Ahli United Bank, Arab Banking Corporation, BBK, BMI Bank, GIB, Investcorp, Ithmaar Bank, NBB, and United Gulf Bank.

The Bahrain Economic Development Board and Tamkeen were involved as strategic partners while BFX was the financial exchange sponsor. Al Baraka and Bahrain Islamic Bank were travel and gift sponsors.

Many representatives of the sponsors were present at the reception and had the opportunity to discuss important business matters with the wide range of guests from numerous countries.

"One of our primary missions is to promote the financial sector in Bahrain both regionally and internationally," said BAB chief executive Robert Ainey.

"It is due to the continuous support of and the sponsorship of our active members that we are able to fulfil the objectives set by our board of trustees and all our members.

"With this in mind, guests received copies of BAB's quarterly publication The Bahrain Banker and were updated about BAB's many activities throughout the year. This was BAB's sixth reception held to coincide with the IMF/World Bank annual meetings. The next one is scheduled to return to Washington in October 2013.-TradeArabia News Service




Tags: Bahrain | banking | IMF | meeting | Tokyo |

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