The Bahrain Association of Banks (BAB), in cooperation with the Ministries of Foreign Affairs and Finance and the Central Bank of Bahrain, is organising a special celebration on the occasion of International Day of Banks. 

 

The Society will organise this celebration next Thursday, December 3, and it will include a remote meeting with the participation of several speakers from Bahrain and the world remotely, reflecting the distinguished international standing of the Kingdom of Bahrain on the one hand, and the prestigious international banking and financial reputation of the Bahraini banking sector on the other hand, in addition to highlighting the role of this sector at the regional and global levels, a BAB release said here.

 

The meeting will discuss many global axes, such as the role of banks in developing the national economy, and in achieving sustainable development goals. This is in addition to highlighting the role of banks as a key element in strategic decision-making in each country, strengthening the human rights system, supporting the handicapped, achieving financial inclusion, promoting banks to innovate in financial services, emphasising the role of banks in providing decent qualitative work opportunities and reducing unemployment. 

 

Focus will also be laid on stimulating banks to provide microfinance services, providing easy loans to small and medium enterprises at an affordable cost, and encouraging banks to adopt best practices of social responsibility.

 

The meeting will also discuss motivating banks to provide more studies that contribute to helping decision-makers and emphasizing the role of banks in humanitarian relief operations, combating poverty, education, and health. 

 

Moreover, other topics to be discussed in the meeting will include the role of banks in ‏AML/CFT, strengthening the relationship between Islamic finance and the development goals of UN, and highlighting the role of banks as a key element in strategic decision-making in each country, and in providing fast and transparent financing through cash transfers to international organisations such as the High Commissioner for Refugees and the World Food Programme, and WHO. -- Tradearabia News Service