Bahrain Association of Banks holds its Ordinary General Assembly

Bahrain Association of Banks holds its Ordinary General Assembly

The Bahrain Association of Banks (BAB) convened its Ordinary General Assembly, during which the assembled members endorsed the meeting agenda. Representatives from financial and banking institutions in attendance also ratified the Board of Directors’ report for the fiscal year 2023, along with the Association’s financial statements for the same period. Moreover, they listened to the auditor’s report for 2023 and appointed an auditor for 2024 and reiterated their backing for the Association’s Board of Directors in their endeavors to realize the Association’s objectives, which include advocating for the financial and banking sector entities and supporting national initiatives aimed at advancing Bahrain’s banking industry and fostering its growth.The Chairman of the Association, Mr. Adnan Yousef, presented a comprehensive overview of the initiatives and projects implemented by the Bahrain Association of Banks throughout the year 2023, and said: “Throughout 2023, the Bahrain Association of Banks played a pivotal role as a strategic collaborator in executing the Sustainable Development Plan 2022-2026 and the financial services sector development strategy. These efforts materialized through collaborative initiatives with banks aimed at boosting their GDP contribution, fostering innovative training schemes, and surmounting barriers to amplify financing for small enterprises. Additionally, strides were made in fortifying cybersecurity measures