Manama, Bahrain: Ebdaa Bank Bahrain for micro-financing announces that the Chief Executive of Bahrain Development Bank (BDB) has becomes a member of the Edbaa Bank board of directors for the remainder of its current session.
BDB Chief Executive, Mr. Sanjeev Paul, is the successor of Mrs. Dalal Ismail, who was a BDB representative in the board for over five years.
Ebdaa Bank Bahrain Chairwoman, Mona Yousif Almoayyed, welcomed Mr. Paul, who has over 30 years of experience in the banking sector around the world.
“The membership will contribute to enhancing co-operation between the banks, both of which work to provide affordable loans for start-up projects and to support the national economy,” said Ms. Almoayyed.
Mr Paul’s presence in the board will allow him the opportunity of being closely introduced to the best practices in micro-financing, while associating them with the 17 sustainable development goals that are adopted by the Arab Gulf Programme for Development (AGFUND) through its banks existing in nine Arab and African countries.
“It will also help him adopt concepts of development in banking during his service as BDB chief executive,” she said.
In the same context, Ms. Almoayyed said Ebdaa Bank is keen to co-ordinate with BDB through Mr. Paul. “This is specially to transfer Ebdaa Bank’s clients who expand their projects, and require loans that are higher than the bank loans’ ceiling of BD5000, to BDB,” she stated.
Ebdaa Bank’s directors board, chaired by Ms. Al Moayyed, includes the membership of AGFUND Chief Executive, Nasser Baker Al Qahtani, as the board vice-chairman, Samar Wissa Agaiby, from Eskan Bank Bahrain, Abdul Hameed Diwani as a representative of the private sector, Adel Mohamed Bela as a representative of AGFUND’s banks and Dr. Badruddin Abdul Rahim as an independent member.
-Ends-
About Ebdaa Bank Bahrain:
Ebdaa Bank was established in 2009 in the Kingdom of Bahrain with a capital of $5 million. Ebdaa Bank focuses on supporting Bahrain’s Economic Vision 2030 by helping low-incomers to engage in new and innovative economic projects.
For more information contact:
Manama/Main branch 17381000
Hamad Town branch 17440551
© Press Release 2019Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
