- Work with the CBB and all banks to protect the reputation of the banking sectors through the pursuit of full transparency by implementing Internal and International Banking rules.
- Closely cooperate with the CBB and all banks to highlight the Kingdom of Bahrain as a regional financial and global center.
- Promote the interests of banks in Bahrain at both local and international levels.
- Coordinate with CBB and other authorities on matters relating to laws and regulations and banks’ policies.
- Promote best practices for the banking industry.
- Support and strengthen the training programs and vocational restructuring in the banking sector.
- Act as a forum and a means of communication between the member banks and other parties on matters and issues of concern to the banking sector.
- Develop strategies and initiatives aimed at strengthening the standing and reputation of Bahrain in the banking sector at the global level.
- Strengthen the links between executives in the banking sector through the formation of specialized committees, the membership of stakeholders and specialization of different banks.
The Association aims to protect and advocate the interests of the industry by working towards the Kingdom of Bahrain being:
- An investment friendly jurisdiction that promotes competition, diversification and innovation
- A cost effective environment to deliver customer focused Financial Services
- A strong and stable industry with a respected regulatory regime
- A magnet for talent, reinforcing Financial Services as an employer of choice
The Association delivers its key aims through:
- Lobbying the Government and Regulators as the Voice of the industry
- Conducting research that supports innovation and growth
- Promoting awareness of the importance of Financial Services to Bahrain’s economy
In addition, eleven permanent committees were established in order to give deeper and more comprehensive institutional dimension for the activities and functions of the association and allow for greater participation from all members of the association to enable the association of perform its functions.
- AML and Compliance Committee
- Assets Management Committee
- Bahrain Banks Treasurers Committee
- Banking Products Development Committee
- Digitization and Cyber Security Committee
- HR and Remuneration Committee
- International Standard Committee
- Islamic Banking Committee
- Legal and Regulatory Framework Committee
- Risk Management Committee
- Sustainable Development Committee
BAB’s Regional and International Role
BAB not only limits itself on the local level but also aims to expand its role in the GCC and worldwide.
One of our successful projects is the implementation of the GCC Banks Federation. On the other hand, it is creating a professional relationship with all International Banks Associations and Federations to provide more business opportunities for our members.