Bahrain’s banks must help finance economic recovery

Bahrain’s banks must help finance economic recovery

Banks in Bahrain must play a major role in helping the national economy recover from the global Coronavirus (COVID-19) outbreak and, to do so effectively, will need the ongoing support of all stakeholders, particularly the Government, said a senior Bahrain banker. Ahmed Abdul Rahim, who is the Chief Executive Officer of Ithmaar Bank, a Bahrain-based Islamic retail bank, as well as the Deputy Chairman of the Bahrain Association of Banks (BAB), said this shared focus on economic recovery will help shape the Kingdom's new, post-COVID-19 reality and pave the way for continued economic growth and prosperity. “The Kingdom of Bahrain has earned glowing international praise and recognition, including from the World Health Organization, for its handling of the global COVID-19 outbreak,” said Abdul Rahim. “This was due, largely,