The Bank of Bahrain and Kuwait (BBK) has donated BD19,000 ($50,371) to the Bahrain Association of Banks (BAB), underlining its ongoing support.

Presenting a cheque to BAB chief executive Dr Waheed Al Qassim, BBK chief executive Abdulkarim Bucheery said the bank was keen to support the entity considering its active role in the development of Bahrain’s economy, reported the Gulf Daily News (GDN), our sister publication.

Dr Al Qassim said the association is undergoing a major re-evaluation of the services offered to members and the donation would be of great value to its new work.

Established by a ministerial decree in 1979, BAB brings together more than 60 banking institutions in the kingdom.

The association’s mission is to represent the interests of the kingdom’s banks and showcase them as pre-eminent providers of financial services in the region.

Working closely with the Central Bank of Bahrain, BAB also assists it with formulating banking policy and regulation. - TradeArabia News Service