Bahrain Association of Banks (BAB) will hold its first open dialogue with its members, non-members and partners of the association on October 8.

 

This meeting will particularly address mechanisms to enhance the BAB's role as an effective representative for the banking institutions with the Central Bank of Bahrain (CBB) in the context of their common objective of strengthening the leadership of the financial and banking sector in Bahrain, said a statement.

 

The dialogue will also provide an opportunity for banking institutions to meet with the CBB, Economic Development Board (EDB) and BCCI, which will brief these institutions on the most important efforts and achievements in favour of strengthening the Bahrain Financial Center and its joint ambitions, it said.

 

Adnan Ahmed Yousif, BAB chairman, said the meeting comes within the framework of the association's keenness to open and expand new channels for communication with banks in Bahrain and informing them with the programmes, initiatives, and achievements of the association and listening to their views with regards to developing the performance of the association and matters it should adopt. 

 

The chairman invited all banking institutions in Bahrain to attend this meeting to exchange ideas and opinions about the opportunities and challenges facing the financial and banking sector as a whole, especially in light of current developments and challenges.

 

Dr Waheed Al Qassim, CEO of BAB, said: “Our objective is to strengthen the role of BAB as a platform that brings together all of us to exchange experiences and expertise, and discuss the specific needs of the banking sector in terms of capacity building, training and researches, and to enhance BAB's ability to meet the aspirations of its members." – TradeArabia News Service