2023-06-26 15:29:13
Mubasher: The Central Bank of Bahrain and the Bahrain Association of Banks held their periodic consultative meeting today, Monday, during which they discussed a number of issues related to the further development of the financial and banking industry in the Kingdom of Bahrain, foremost of which is enhancing the contribution of banks to implementing the strategy for developing the financial services sector and facilitating financing mechanisms. small and medium Foundation.
during the meeting; Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain, stressed the importance of cooperation with the Bahrain Association of Banks to implement the initiatives in the strategy to develop the financial services sector (2022-2026), according to the Bahrain News Agency (BNA).
The Governor also reviewed the most important initiatives and projects implemented by the Central Bank of Bahrain within this strategy, which focus on the field of financial technology, the development of Bahraini human resources in the sector, the provision of appropriate training, private banking services, and the development of payment and settlement systems.
On his part; Adnan Ahmed Yousif, Chairman of the Board of Directors of the Bahrain Association of Banks, expressed the association’s thanks and appreciation to the Central Bank of Bahrain, pointing out that the support that the association receives from the bank represents a fundamental pillar in its work on developing the banking industry in the Kingdom of Bahrain, and that the association seeks cooperation with the Chamber of Commerce and Industry the two seas.
Adnan hinted at the importance of the qualitative initiatives taken by the Central Bank of Bahrain in order to keep abreast of developments to introduce financial mediation in settling disputes within the Chamber’s project to establish a center for settling commercial disputes, and this will help relieve the judicial system and the burdens of litigation procedures and resolve disputes quickly.
For his part, Chief Executive Officer of the Bahrain Association of Banks, Waheed Al Qassim, affirmed the association’s keenness to follow up on the strategies and initiatives of the Central Bank of Bahrain and to develop its work to support these strategies.
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