Financial institutions in the Kingdom of Bahrain continue to demonstrate a high level of readiness and adaptability amid recent regional developments.
The financial sector remains fully operational, maintaining its essential role in serving customers and supporting economic activity with stability and efficiency, said Bahrain Association of Banks and several banks in separate statements.
This reflects the strength of Bahrain’s financial system, underpinned by robust institutional frameworks and advanced operational capabilities that enable institutions to respond effectively to evolving conditions, said a Bahrain Association of Banks (BAB).
BAB Chairman Yaser Alsharifi commended the visionary leadership of His Majesty King Hamad bin Isa Al Khalifa, King of the Kingdom of Bahrain, and the efforts of the government led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. He also acknowledged the role of government and security authorities in safeguarding the security and stability of the Kingdom and protecting citizens and residents.
BAB CEO Zeeba Majeed Askar noted that financial institutions across the Kingdom swiftly activated their business continuity plans in a coordinated manner, ensuring the uninterrupted operation of critical financial services. These measures have enabled the continued functioning of payment systems, interbank transactions, and financial services provided to individuals and businesses. She added that maintaining the smooth flow of these essential services is vital to supporting economic activity and strengthening public confidence in the stability and resilience of Bahrain’s financial sector.
Ithmaar Bank
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
