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Ebdaa-Bahrain CEO joins Jordan NMB board

MANAMA, February 11, 2017

Bahrain-based Ebdaa Microfinance Bank said its chief executive Dr Khaled Al Ghazzawi has been inducted into the board of National Microfinance Bank in Jordan.

Dr Ghazzawi was also assigned the presidency of the risk committee under the board of directors and memberships of the audit and human resources committees.

This brings the number of boards in which Dr. Ghazzawi serves to four - Ebdaa Board of Directors in Syria, Ebdaa and Al Sharaka Bank in Sierra Leone, Ebdaa Microfinance Bank in Mauritania, and the National Microfinance Bank in Jordan.

The National Microfinance Bank in Jordan is one of the most important banks in a chain of nine similar banks -including the Ebdaa Microfinance Bank in Bahrain- working under the umbrella of the Arab Gulf Programme for Development "Agfund" spread across eight Arab countries, in addition to Sierra Leone.

Ebdaa Bank - Bahrain, pointed out that the new appointment assigned to its CEO is one of utmost importance and delicacy, at a time when the National Microfinance Bank in Jordan is witnessing a steady growth which has contributed to it to become one of the most prominent banks that operate in sustainable development and financial inclusion in the Arab region and the world.

The National Microfinance Bank attained more than half a million borrowers since it was founded in 2006, reaching operational and financial sustainability with a percentage that exceeded 140 per cent and collection rates exceeding 99 per cent.

The National Microfinance Bank aspires to benefit from the expertise of Dr. Al Ghazzawi in the development of new products and the effective management of resources.

On the appointment, Dr Al Ghazzawi lauded Agfund, King Abdullah II Fund for Development, the Jordanian company for promoting heritage products, and Fadi Ghandour for their trust in him, assigning him this position.

He also extended his appreciation to the bank’s team, represented by the president of the board of directors Reem Mudar Badran and director general, Khaled Muhaisin, for the warm welcome given to him by the management team in the first board meeting held last month.-TradeArabia News Service




Tags: Jordan | CEO |

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