Minister Humaidan opens the new headquarters of the Family Bank and stresses the importance of his role in community development

His Excellency, Mr. Jamil bin Mohammed Ali Humaidan, Minister of Labor and Social Development, Chairman of the Board of Directors of the Family Bank, opened today, Thursday, the new headquarters of the bank in the diplomatic area, in the presence of the members of the bank’s board of directors, along with a number of executive heads of banks contributing to the bank. The family, personalities and economic activities. On this occasion, a number of bank employees who were appointed ten years ago were honored, in addition to honoring a number of the bank's distinguished clients.

In a statement to him on this occasion, Humaidan affirmed, "The initiative to establish the Family Bank as the first social bank in the Kingdom of Bahrain in the year 2010, and in partnership between the Ministry of Labor and Social Development and each of the Royal Charity Organization, the Bank of Bahrain and Kuwait, Ithmaar Bank, Ahli United Bank, and Kuwait Finance House, come To support and strengthen the social security network, by empowering individuals and families of low-income groups, entrepreneurs, senior citizens, housewives and the category of job seekers, to support their small and micro productive home projects, by activating the micro-lending mechanism as more Successful means to support the beneficiary category projects, in order to provide them with the opportunity to obtain financial services and facilities that contribute to the establishment and development of their own projects, indicating that the projects that are funded include the productive activities of those enrolled in the "Step for Home Projects" program.

Minister Humaidan stated that "the bank has achieved during the past ten years an evolution in the business sector in Bahrain, by contributing with business leaders in achieving various success stories, and improving the income level of hundreds of individuals and families with low incomes through financing their ideas and projects, to raise the level of their income, In addition to providing them with appropriate consultations and assistance to advance their business and activities, providing them with the necessary plans to market their products, and training them in basic business management skill.

He pointed to an increase in the number of beneficiaries of the bank's financing and consulting services, as in 2012 they numbered (344) beneficiaries, while 2019 saw an increase in their number to become (6000) beneficiaries, in amounts exceeding 13 million Bahraini dinars, in an effort to facilitate the establishment of micro enterprises Small and Medium and Small, as a continuation of the system of financial services provided by the bodies supporting small and medium enterprises in Bahrain.

The Minister of Labor and Social Development stated, "The Family Bank has become an Arab prestige because of its prominent role in the field of economic empowerment of the family, by supporting micro projects, especially after winning the award of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the United Arab Emirates, The ruler of Dubai, to support youth projects as the best initiative for small and medium enterprises in the Arab world, in the year 2013 AD.

The Family Bank finances the micro-finance of citizens and is consistent with the directions of empowering the target groups and unleashing their capabilities and improving their living standards, where the bank aims primarily to develop the middle class and empower citizens of recipients of social assistance and facilitate entrepreneurship and their own professional projects, where the bank completes in this direction the services system Provided by the Bahraini government and supporters of small and medium enterprises.