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Bahrain PM urges bankers to revitalise economy

Manama, April 7, 2011

Financial institutions, banks and insurance companies in Bahrain have been urged to spare no effort to revitalise the economy.

His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa made the call as he received heads of banks and insurance companies.

He urged them to do all they can for Bahrain to preserve its financial and banking hub status in regional and global arenas.

'Stronger co-operation between banks and businessmen is vital for providing more facilities for both sides to benefit,' he said.

HRH the Premier lauded the pivotal role of the financial, banking and insurance sectors in promoting Bahrain's expertise.

'The government is now restoring security and stability, being key pillars for spurring economic growth,' he said.

He hailed banks, financial institutions and insurance companies for assuming their national responsibility and continuing customer services despite the regrettable incidents which gripped Bahrain recently.

HRH the Premier praised the sector for co-operating with the government, stressing resolve to provide all support.

'The banking sector is playing a crucial role, being a cornerstone of the national economy and its driving force,' he said.

HRH the Premier stressed particularly the need to extend a lifeline to small and medium and grant traders necessary facilities to achieve targeted growth rates.

He hailed the initiatives devised by the private sector to revitalise the economy, citing particularly the initiative of the National Bank of Bahrain to provide support for small and medium businesses.

HRH the Premier thanked banks for choosing Bahrain as a launchpad for their operations.-TradeArabia News Service




Tags: Bahrain | banking | economy | investment | finance | unrest | protests |

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