imported 2024-03-17 17:43:07
The February political crisis has led to a downgrade of Bahrain’s credit rating, resulting in higher cost of borrowing for banks. This will translate into higher lending costs. But overall, the Bahrain banking sector is healthy and remains strong.
Douglas Hansen Luke, CEO of Robeco Middle East
When we look at investing for this year our tactical asset allocation team recommends credits, both investment grade and high yield.
Dr. Farid Al Mulla, CEO of Oasis Capital Bank
When you start to give people certain freedoms, there are also certain obligations on the society as citizens of the country.
Jamal Ali Al-Hazeem, CEO of BMI Bank
We have to rebuild our image of a positive, vibrant environment for investment in order to attract FDI.
Patrick Gallagher, Chief Executive Officer of HSBC Bahrain
The whole banking environment and the economy in general was looking forwards to a strong 2011 and, clearly, with the events of mid-February, we did loose a couple of months, but what we have seen in the last few weeks a renewed beginnings of confidence.
Abdulkarim Ahmed Bucheery, Chief Executive of BBK & Chairman of Bahrain Association of Banks
I do not think that Bahrain will easily lose its brand or position as the financial hub for this part of the world. Banking in Bahrain has a tradition.
View the list of the top Islamic investment banks in Bahrain.
Bahrain has 411 banks and other financial institutions, which includes 77 wholesale banks, 30 retail banks, and 27 representative offices. In addition, it has 27 Islamic banks. In January 2011, total employment in the financial sector was more than 14,000, with about 8,800 in banking, and the remainder in insurance, money brokering, and other financial services.
Mr. Dilami discusses the long term implications of the Arab revolutions and the consequent effects these events can have on Morocco political system and stability. What has saved Morocco until now, meaning that the situation has not evolved in the same way as in Egypt, is that the legitimacy claimed by the power is also recognized by the people.
Mr Tajmouati assesses the current situation in Morocco banking sector.
