Bahrain requires security, stability in development

Manama : His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa has stressed that developing the financial and banking sector requires a secure and stable environment so that all efforts will be focused on enhancing its participation in the economy and increasing its share in the investment process.


The government is keen on providing all means required to consolidate the role of the financial and banking sector, being among the most important elements in the economic system, he said while receiving at his Palace in Riffa the Chairman of the Board of Directors of BNP Paribas Bank Jean Lemierre.

HRH the Prime Minister praised BNP Paribas Bank for boosting the financial and banking sector in the kingdom, contributing effectively to efforts to provide training and job opportunities for Bahraini job seekers and key role in enhancing the Bahraini-French relations and opening up new horizons of bilateral cooperation.

The Prime Minister reviewed with Jean Lemierre the bank's operations, programmes and present and future policies in Bahrain. He also praised the PNB Paribas Bank's Board' keenness on continuously developing its activities in Bahrain, lauding its outstanding status at the international financial level.

HRH Premier also reviewed with the bank's board chairman the latest developments regarding the regional and global situation and the impact of the instable situation in some region on the progress of the development march, especially in the economic field.

He discussed with him ways to strengthen the capabilities of the financial and banking sector in order to be able to overcome the economic and security challenges and achieve more successes that reflect positively on the kingdom's economic development.

PNB Paribas board chairman expressed satisfaction over the success achieved by the PNB Paribas group in Bahrain thanks to the stimulating investment atmosphere created by the government, led by HRH Premier.

Such a positive atmosphere has contributed to attracting investors to Bahrain and consolidated Bits ability to host mega banking institutions, he said, praising the kingdom's economic potentials that entitled it to be a centre for launching investment and banking operations in the region.