Bahrain Association of Banks (BAB) announced that its board of directors chose the chief executive of Al Baraka Banking Group, and former president of the Union of Arab Banks, Mr. Adnan Ahmed Yousif, as a Chairman of the Board of Directors.
Mr. Adnan said that he would work to strengthen the presence of Bahrain Association of Banks (BAB) locally, regionally and internationally, shed light on the financial services sector in Bahrain, and its vital role in supporting sustainable development programs in Bahrain.
Mr. Adnan assured that he will seek to promote financial services market investment opportunities in order to attract international institutions to invest in Bahrain. And he expressed his thanks and appreciation to BAB Board of Directors for choosing him to head the board and to lead BAB continuous progress
“Our role is to promote awareness of Bahrain as a major banking center and hub of financial services, with an investment-friendly jurisdiction, a cost-effective and innovative business environment and a strong and stable regulatory system. We are the voice for the industry, conducting research and promoting the financial services sector as a pillar of Bahrain’s economy”. He said.
He assured that the Association has also evolved to play a contributing role in improving the health of the Kingdom’s economy. Our endeavor is to work closely with the Government, along with our fellow institutions, the Central Bank of Bahrain and the Bahrain Economic Development Board, as we know the vital role that the country’s banking and financial center plays in the economic strength of the nation.
Dr. Waheed Al Qassim CEO of Bahrain Association of Bahrain expressed his delighted by choosing Mr. Adnan Ahmed Yousif as a Chairman of the Board of Directors of BAB. He stressed that the executive body of the Association will work in perfect harmony with its Board of Directors to strengthen the implementation of BAB ambitious strategy that aimed at strengthening the role of the Association as a representative of the Bahraini banks.
Dr. AL Qassem stressed that Mr. Adnan’s accumulated experiences and international reputation will definitely support achieving goals of BAB.
“Going forward we want to go international and create a stronger co-operation with other international banking bodies, associations and forums”. He said. “We also want to encourage banks to take a more active role in large project financing, not only in Bahrain but also internationally”. He added.