Bahraini Saudi Bank opens two branches
Manama, October 14, 2010
Bahraini Saudi, a subsidiary of Al Salam Bank - Bahrain, has opened two new branches at Bahrain University and Mashtan Road, Riffa.
With this addition, the branch network serving Bahraini Saudi and Al Salam customers has now increased to 10 across the kingdom.
The two branches were officially opened by the Central Bank of Bahrain executive director for banking supervision Khalid Hamad, Al Salam Bank - Bahrain vice-chairman Habib Ahmed Kassem and Bahrain University president Dr Ebrahim Janahi.
'We are extremely pleased with our commercial banking strategic expansion programme and delighted to have the opportunity to contribute to our national higher education institution by opening the first banking branch on the campuses,' said Bahraini Saudi chairman Dr Anwar Al Sadah.
'The opening of these two branches in addition to Al Hamala branch opened in March has almost doubled our network, delivering on our promise we made earlier in the year to get closer to our customers to serve them better.
'The branch expansion combined with the launch of new and competitive products and services forms part of our strategy to expand our commercial banking business in the kingdom.'
Dr Janahi thanked Al Salam Bank - Bahrain and said that the opening of Bahraini Saudi's branch in the university forms a distinguished addition to the banking services which are particularly suitable to the students and university staff needs.
The branches will offer Sharia-compliant banking products and services for both retail and business clients.
The Mashtan branch will service retail, private banking clients, small and medium enterprises and corporate customers, residents in Riffa and from other nearby areas.-TradeArabia News Service
More Finance & Capital Market Stories
- AAIB unit starts crisis assistance travel service
- Abu Dhabi may need to lower industry growth target
- Kuwait credit hits 5-year high; tops $1.3bn
- UAE stocks rally, Abu Dhabi tops 4,000 mark
- Abraaj completes 15 exits in 2013
- Barwa gets top HSE certifications
- Egypt's forex reserves dip to $17.8bn in Nov
- Experts put spotlight on Mena tax issues
- BMI, Muharraq SC launch co-branded credit card
- NBAD partners with top business school