International Day of Banks to focus on sustainable development

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Dr. Waheed Al Qassim, CEO of the Bahrain Association of Banks (BAB), said that the celebration of the Association of “International Day of Banks”, which was designated by the UN to be observed annually on the 4th of December of each year, will focus on highlighting the pioneering role fulfilled by the financial and banking institutions in the Kingdom of Bahrain in to achieve sustainable development goals. He added that the Association will organize for this purpose a special celebration on Thursday, December 3, in cooperation with the Ministries of Foreign Affairs and Finance, the Central Bank of Bahrain, UNDP Office in Bahrain, and members of the Association from banks and financial institutions.

“The Association is keen to host a group of speakers from Bahrain and the world to participate remotely in this celebration, reflecting the distinguished international standing of the Kingdom of Bahrain on the one hand, and the prestigious global banking and financial reputation of the Bahraini banking sector on the other hand, and “BAB” is eager to make this celebration a successful event.” He added.

Dr. Al Qassim explained that the celebration of “International Day of Banks” based on an initiative presented by the Bahrain Association of Banks through the Ministry of Foreign Affairs on the occasion of the 100th anniversary of the establishment of the banking sector in the Kingdom, and the Ministry of Foreign Affairs, with the support of the Central Bank of Bahrain, made great efforts to get the approval of the UN. On December 19, 2019, the UN General Assembly adopted Resolution 74/245, which designated December 4th as “International Day of Banks”

” The celebration also aims to promote banks to maintain their growing role in the field of sustainable development, highlighting the various issues that they confront jointly around the world every year. It will also highlight the pioneering role that banks have played in the Kingdom of Bahrain is in support of government efforts to confront the COVID-19 pandemic by postponing loans and offering donations to the “Feena Khair” campaign, in addition to other indications of the transformation of the role of Bahraini banks from social responsibility to full national responsibility.” He concluded

SOURCE: BIZBAHRAIN

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