BAB joins forces with top authorities for SME growth

TDT | Manama    

The Daily Tribune – www.newsofbahrain.com

The Bahrain Association of Banks (BAB) organized a gathering with various banking and financial institutions, the Ministry of Commerce and Industry, and representatives from entities such as SMEs Development Board, the Labour Fund “Tamkeen,” Export Bahrain, and the Bahrain Insurance Society.

The meeting explored collaborative approaches in enhancing financing methods for SMEs in Bahrain. Participants also discussed potential economic, banking, and developmental opportunities to establish strategic partnerships between Bahraini banks and organizations dedicated to supporting and nurturing SMEs.

Dr. Waheed Al Qassim, the CEO of BAB, outlined the organization’s vision for enhancing sustainable financing options for SMEs, offering technical support, and providing financial assistance to innovative projects that create a competitive edge and add value.

He further emphasized the importance of aligning government actions with the Bahrain Association of Banks’ initiatives in supporting SMEs.

This involves simplifying the financing processes for these enterprises and bolstering their capacity to boost commercial activities in Bahrain.

In response, representatives from government entities participating in the meeting affirmed their commitment to supporting the Bahrain Association of Banks’ endeavors in accordance with national priorities.