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About BAB

Profile

The Bahrain Association of Banks (BAB) was established by a Ministerial decree in 1979 and registered under the central bank of Bahrain in 2010. BAB brings together banking institution of all sizes and charters in kingdom of Bahrain and works towards enhancing Bahrain image as the financial hub of the Middle East.

Mission

Upgrade and advance the sector to be aligned with the Kingdom’s vision and strategies and the International Financial standards. Also, advocate the interest of members in full cooperation with stakeholders and aspire to develop the relevant legislation and services to meet the economic and society development.

Vision

Leading financial sector to an international scale, through increasing efficiency and productivity of the Financial Industry in the Kingdom of Bahrain.



Objectives

The Association aims to protect and advocate the interests of the industry by working towards the Kingdom of Bahrain being:

An investment friendly jurisdiction that promotes competition, diversification, and innovation

A cost-effective environment to deliver customer focused financial services

A magnet for talent, reinforcing financial services as an employer of choice

A strong and stable industry with a respected regulatory regime

Lobbying the Government and Regulators as the Voice of the industry

Promoting awareness of the importance of financial services to Bahrain’s economy

Conducting research that supports innovation and growth

The Association delivers its key aims through

In addition, fifteen permanent committees consisting of representatives from member banks were established to give deeper and more comprehensive institutional dimension for the activities and functions of the association. This also allows for greater participation from all members of the association to enable the association of perform its functions.

Articles of Association of the Bahrain Association of Banks

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