The Bank of Bahrain and Kuwait (BBK) has extended support to a key networking event to be organised by the Bahrain Association of Banks (BAB) in Washington, D.C., in October, aimed at enhancing the leadership of Bahrain's banking sector.

The event coincides with the meetings of the International Monetary Fund (IMF) and the World Bank, which will feature a significant presence of Bahraini banks and high-level delegations from the financial and banking sectors, both governmental and private.

Dr Abdulrahman Saif, Group CEO of BBK, emphasised the bank's commitment to initiatives that showcase Bahrain's financial prominence on the global stage, highlighting the banking sector's remarkable achievements over the years.

He noted that BBK's support for this event is part of its ongoing strategy to enhance its national role in fostering the kingdom's development and promoting the leadership of Bahrain's banking sector.

"We commend the efforts of BAB in organising the reception of Bahraini banks at this event.

“Their work in organising and launching various initiatives will effectively contribute to supporting the national economy and motivating investors from around the world to consider Bahrain as a preferred destination for their investments and capital, thereby promoting various economic and development activities,” Dr Saif said.

Dr Waheed Al Qassim, CEO of BAB, expressed his gratitude to BBK for their continuous support of the reception of Bahraini banks, and emphasised that this support reflects the bank's firm commitment to promoting the development and prosperity of the Bahraini banking sector, and to elevating the kingdom's reputation in all international forums related to the banking industry.

He said: "The main goal of the association through this event is to highlight Bahrain's financial and banking services sector and the crucial role banks play in its growth.

“We also aim to showcase the numerous investment opportunities in the Bahraini financial services market to attract international institutions to establish their headquarters in Bahrain for their expansion plans. Furthermore, we look forward to the support and participation of many banks and financial institutions in Bahrain for this event." – TradeArabia News Service