Gulf International Bank (GIB) has confirmed its sponsorship of the Banks in Bahrain Reception taking place within the framework of the annual International Monetary Fund / World Bank Group Meetings to be held in Tokyo, Japan on 12-14 October 2012.
The reception which is hosted by Bahrain Association of Banks will showcase the progress and developments of the country’s banking sector to some 15,000 delegates who are expected to attend the meetings this year. The joint IMF/World Bank meetings bring together central bankers, ministers of finance and development, banking and private sector executives and academics to discuss issues of global concern. Bahrain’s delegation to this year’s meetings in Tokyo, Japan will be led by the Minister of Finance, the Governor of the Central Bank of Bahrain and the Chairman of the Association.
“We are delighted to have GIB as a sponsor for our IMF/World Bank reception in October. This is an important time for Bahrain’s banking and the financial sector to promote itself abroad and this will be an ideal occasion to do so,” Mr. Robert Ainey, Chief Executive of BAB, said.
Mr. Ainey added: “It’s through the continuous support of financial institutions like GIB that the Association is able to showcase the unique characteristics of the Kingdom of Bahrain that make it a desirable destination for inward investment. Our members’ support and that of our partners in this effort – the Central Bank of Bahrain and the Economic Development Board – is crucial to getting accurate and clear messages to the world’s international community. We invite all organisations who see this as a priority at this time to help us achieve our objectives during this event”.
GIB is a leading bank in the Middle East with its principal focus on the GCC states. Its primary shareholder is the Public Investment Fund of Saudi Arabia. The Bank provides client-focused, innovative financial products and services to a wide customer base in the region, including asset management, IPOs, private equity placement, mergers & acquisitions, Sukuk/bond issues and Sharia-compliant banking services.