BDB CE joins Ebdaa Bank’s director board

Ebdaa Bank Bahrain for micro-financing said the Chief Executive of Bahrain Development Bank (BDB) has become a member of the Edbaa Bank board of directors. BDB Chief Executive, Sanjeev Paul, is the successor of Dalal Ismail, who was a BDB representative in the board for over five years.

Ebdaa Bank Bahrain Chairwoman, Mona Yousif Almoayyed, welcomed Paul, who has over 30 years of experience in the banking sector. “The membership will contribute to enhancing co-operation between the banks, both of which work to provide affordable loans for start-up projects and to support the national economy,” said Almoayyed.

Paul’s presence in the board will allow him the opportunity of being closely introduced to the best practices in micro-financing while associating them with the 17 sustainable development goals that are adopted by the Arab Gulf Programme for Development (AGFUND) through its banks existing in nine Arab and African countries.

“It will also help him adopt concepts of development in banking during his service as BDB chief executive,” she said. Almoayyed said Ebdaa Bank is keen to coordinate with BDB through Paul. “This is especially to transfer Ebdaa Bank’s clients who expand their projects, and require loans that are higher than the bank loans’ ceiling of BD5000, to BDB,” she stated.