ASBB and ASBS reinforces growth

Manama : Al Salam Bank-Seychelles (ASBS) has revealed plans to launch full-service banking in Seychelles by offering world-class financial solutions. ASBS Chairman, Hussein Mohammed Al Meeza revealed this during a meeting with President of the Republic of Seychelles Danny Faure in the presence of Chairperson of Al Salam Bank-Bahrain (ASBB), Her Highness Shaikha Hessa bint Khalifa Al Khalifa at the State House in Capital Victoria. Seychelles Government officials and a delegation from the Board of Directors of both the banks were present. 

Al Salam Bank-Bahrain (ASBB) owns a 70% stake in ASBS with the remaining stake being held by Seychelles Pension Fund. 

“The bank will strive to adopt internationally recognized standards and best practices in corporate governance and operate with the highest levels of integrity, transparency and trust,” Al Meeza told Danny Faure during the meeting. 

For her part, the Chairperson of ASBB, Shaikha Hessa expressed her gratitude and appreciation to the President and the Government of Seychelles for their continued support. 

Shaikha Hessa added: “ASBS is set to open its new branch soon in the centre of Capital Victoria using Seychelles as the launching pad to other regional markets and create a bridge between the Gulf Cooperation Council countries and the Indian Ocean Rim countries.”

During the meeting, President Faure welcomed the positive engagement of the bank towards bolstering banking and financing activities in Seychelles and its commitment to the sustainable growth of the country’s economy.