Banks ‘must play major role in Covid recovery’: Bahraini banker

Banks ‘must play major role in Covid recovery’: Bahraini banker

MANAMA: 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 of Ithmaar Bank, 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.“We must recognise the importance of actively supporting the communities in which we operate, and we must always remember that we are all in this together,” he said.“To play their role effectively, banks are, in turn, supported by the decisions taken by government and the Central Bank of Bahrain (CBB), the kingdom's banking and