The Impact of Government’s Voluntary Retirement Scheme on Banks

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Dr Waheed Al Qassim, CEO of BAB, pointed out that this new outlook of Moody’s is a positive shift in the credit rating recorded for the first time to the kingdom. Bahrain was able to reverse the index and start to climb higher hoping to reach the levels of 2010 when the rating stabilized at grade (A). Dr Al Qassim added: “Bahrain’s fiscal and monetary policies have strengthened financial stability in the Kingdom and contributed to mitigating the negative effects of economic challenges, the positive impact of this rating on banks and financial institutions in Bahrain, enhance their liquidity and its ability to contribute to the economic growth of Bahrain by increasing its activity in the field of deposits and lending and financing major projects such as energy projects, infrastructure and others.”

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