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Financial integrity crucial, says CBB chiefConfidence and integrity are the foundation of a stable financial system, said Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj while speaking at the first meeting of the Chartered Institute for Securities and Investment (CISI) in Manama. More… |
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Islamic banks must diversify says top bankerIslamic banks need to diversify their business models away from deal-making fees to survive in a period without pre-crisis liquidity levels, Bahrain's central bank said on Tuesday. "Islamic financial institutions need to build diversified More… |
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Bahrain growth seen at 3-4pc in 2010Bahrain's economy is poised to grow by 3 to 4 percent in 2010, the country's central bank governor told Arabiya TV. Rasheed Al-Maraj also said that the bank planned to issue a bond worth $1 billion for the government. Most G More… |
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Bahrain plans safety-net fund for banksBahrain is to set up a safety-net fund to guarantee bank customers' deposits in the event of a collapse. Banks will pay into a fund, which will in turn pay out to customers should any bank collapsem, said a top banking official. The plan h More… |
