COMMERCIAL NEWS
BAB discusses cooperation with BOJ Bahrain
Sep 3, 2019 4:24 PM
Bahrain Association of Banks (BAB) CEO Dr Waheed Al Qassim has met Bank of Jordan-Bahrain s wholesale banking (BOJ) CEO Salam Gamoah to discuss cooperation and support to the recently established bank....
Bahrain Association of Banks (BAB) CEO Dr Waheed Al Qassim has met Bank of Jordan-Bahrain’s wholesale banking (BOJ) CEO Salam Gamoah to discuss cooperation and support to the recently established bank.
During the meeting, BOJ applied for BAB membership and also supported the 100th anniversary celebration of Bahraini’s banking sector.
Dr Al Qassim said: “We are delighted to welcome BOJ as a new member to participate in BAB’s events and programmes and banks committee.”
Dr Al Qassim praised BOJ’s decision to launch its branch in Bahrain to expand its corporate and financial banking activities.
“Bahrain has always been a destination for various financial and banking institutions, due to the importance of Bahrain as a prominent regional financial centre and to the development of the legislation of financial and banking services provided by the Central Bank of Bahrain. In addition to Bahrain's strategic location in the Arabian Gulf region, it provides companies with an opportunity to expand their services, activities and relationships with other local, regional and international banks and companies,” said Dr Al Qassim.
Gamoah stressed the bank's keenness to expand channels of cooperation with the financial and banking sector in Bahrain. He praised the CBB's support for the establishment of Bank of Jordan in Bahrain, and CBB’s efforts to develop banking legislation and attract investors.
He said BOJ’s new hub in Bahrain is in line with the strategic objectives of the bank.
He added that the bank’s customers can open external accounts in Bahrain, access trade facilities, deposit services and other diversified and integrated financial and investment products.
Today, Bank of Jordan is among the top five major local banks with a capital of JD200 million. The bank also has various distribution channels that include branches, offices, and ATMs in Jordan, Palestine and Syria. – TradeArabia News Service