Oct 06 2010
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Bringing Bahrain to the IMF/World Bank Meetings in Washington DC
The reception is in honour of Bahrain's delegation to the IMF/World Bank meetings. The delegation will be led by H.E. Shaikh Ahmed Bın Mohammed Al-Khalifa, the Minister of Finance, H.E. Mr Rasheed Mohammed Al Maraj, the Governor of the Central Bank of Bahrain and Mr Abdulkarim Bucheery, CEO of BBK and BAB's Chairman.
"We are expecting 350 guests to attend the reception, including ministers of finance, central bank governors, chairmen and chief executives of major banking groups, diplomats, businessmen, and the media," Mr. Bucheery said.
"The Bahrain Association of Banks represents the interests of the banking sector with the regulator and other third-parties. We support professional development and best practices and promote the Kingdom of Bahrain to other regional banking centres looking to do business here. The IMF/World Bank annual gathering is an ideal opportunity for us to strengthen existing relationships and to make new contacts and explore opportunities".
About The Bahrain Association of Banks
The Bahrain Association of Banks (BAB), established by a Ministerial decree in 1979, brings together banking institutions of all sizes and charters in the Kingdom of Bahrain and works towards enhancing Bahrain's image as the financial hub of the Middle East.
Collectively providing the full range of financial services, Bahrain banks represent US$ 209.5 billion in total assets and employ over 14 thousand men and women while contributing 27% towards Bahrain's $21.9 billion GDP.
The mission of the Bahrain Association of Banks is to serve its members by representing and advocating the interests of the Kingdom's banks and showcasing them as pre-eminent providers of financial services in the region. Working closely with the Central Bank of Bahrain , BAB assists it with formulating banking policy and regulation.
Speaking for almost 100 members, the Association provides an open forum where banks can come together to collectively discuss and solve their shared problems. BAB is also actively engaged in promoting banking conferences, exhibitions and seminars that bring overseas banking delegations to Bahrain and create business opportunities for all members.
In 2009 BAB launched a quarterly publication, The Bahrain Banker, which has established itself as the voice of Bahraini banking with an international readership. In 2010 BAB published The Handbook of Islamic Banking & Finance, the first in a series of such publications designed to inform a non-specialist audience.
For further information:
PR & Events Coordinator
T: + 1782 3005
© Press Release 2010
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