Monday 18 June 2018

Bahrain banks deny call for protest

Manama, February 25, 2011

The Bahrain Association of Banks (BAB) has denied rumours that it had called for protests.

"There were rumours and an article was published in Arabic Press that the association has called for organised protests,” the BAB said in a statement on Thursday.

"This is completely incorrect. The association does not engage in any political activities nor does it encourage social protests or political unrest."

“Financial services are the backbone of Bahrain’s economy, contributing 27 per cent of the country’s annual GDP and providing 14,000 jobs, training and opportunity to all sections of the Bahraini population.”

The association said all Bahrain’s banks had confirmed their operations were functioning normally.

“Central Bank of Bahrain Governor Rasheed  Al Maraj has said that he believes that the underlying economic fundamentals of Bahrain remain strong,” added the statement.

“Hopefully, the dialogue by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander, with all parties will end this uncertainty and Bahrain will emerge stronger and with a successful financial services industry as the jewel in its crown.”-TradeArabia News Service

Tags: Bahrain banks |

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