Ithmaar Bank opens new main branch for corporate and SME customers
TDT | Manama
The Daily Tribune – www.newsofbahrain.com
Ithmaar Bank, a Bahrain-based Islamic bank, inaugurated its new Main Branch yesterday, exclusively for businesses and corporate customers. The inauguration follows days after the Central Bank of Bahrain’s approval to transfer all Ithmaar bank’s banking business related to individual customers to Al Salam Bank.
The new Ithmaar Bank Main Branch, located on the ground floor of Seef Tower, was inaugurated by Central Bank of Bahrain Executive Director - Banking Supervision, Khalid Hamad Al-Hamad, in the presence of the Ithmaar Bank Chief Executive, Ahmed Abdul Rahim, Ithmaar Bank Deputy Chief Executive Abdul Hakeem Al Mutawa, and Ithmaar Bank General Manager, Business Banking Group, Abdulla Abdulaziz Talib, as well as other bank executives and top corporate customers.
“This is an important milestone in our transformation into an exclusively corporate-focused Islamic bank,” said Abdul Rahim. “The inauguration of the new Ithmaar Bank Main Branch marks the start of one of the most significant transformations in our fourty-year history and builds on our rich history of innovation as one of the Islamic banking pioneers in the region,” he said.
“We are excited to start this new, promising chapter of growth and look forward to providing our business and other corporate customers the exceptional Islamic banking experience they’ve come to expect from the Ithmaar Bank brand,” said Abdul Rahim.
“With our new undivided focus on corporate customers, we are confident that we can meet and exceed their expectations,” he said. The new, exclusively corporate-focused Ithmaar Bank Main Branch is at the ground floor of Seef Tower, where the Bank previously (most recently as the retail-focused Ithmaar Bank and, before that, as its predecessor, Shamil Bank) had its Main Branch.
The Main Branch is next to Seef Mall at the heart of Seef District, a thriving and fast-growing commercial area. It offers corporate, business entities easy access, hassle-free parking and is across the road from top government services, including a public notary and the Bahrain Chamber of Commerce.
The new Main Branch is the only branch in the exclusively corporate-focused Ithmaar Bank network, reflecting the focused approach the Bank has adopted and changing market demands.
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