BAB Board Reviews Financial Sector Developments and Future Plans

TDT | Manama

Email: mail@newsofbahrain.com

The Board of Directors of the Bahrain Association o f Banks (BAB) held its fourth meeting for they ear 2025 bringing together members to address the evolving dynamics of the Kingdom’s financial and banking sector and to map out forthcoming initiatives and programmes.

The meeting addressed key sector developments and emerging priorities, and discussed the focus areas for the coming period, including broader collaboration among financial institutions to support the sector’s sustainability and future readiness. Updates were also shared by several BAB committees including Human Capital, Compliance, Digitisation & Innovation, Legal, and SME & Corporate Banking, on their current projects and recent progress.

On this occasion, Mr. Yaser Alsharifi, Chairman of the Bahrain Association of Banks, stated, “BAB remains committed to advancing the Kingdom’s banking sector and to maintaining close collaboration with the Central Bank of Bahrain and relevant stakeholders to ensure a resilient and progressive financial environment amid the regional economic development.”

Mr. Alsharifi further added, “BAB will continue to refine and advance its strategic goals and operational framework in response to the developments shaping the financial services industry across local and international markets. This ongoing work remains closely aligned with Bahrain’s Vision 2030 and with the Financial Services Sector Development Strategy”.

For her part, Mrs. Zeeba Askar, Chief Executive Officer of BAB, commented, “BAB continues to advance its plans and programmes in accordance with the strategic framework set by the Board of Directors. A growing portfolio of initiatives is being rolled out to further support the financial sector by providing the knowledge, capabilities and tools required to navigate fast-moving market shifts. The Association also remains committed to embedding leading international practices across its operations and to strengthening collaboration with partners inside and outside the Kingdom. Such partnerships form a cornerstone of progress and are essential to fostering longterm development and sustainable growth across the sector.”