Bahrain-based United Gulf Bank B.S.C. (UGB), the asset management and investment banking subsidiary of the KIPCO Group: one of the diversified holding companies in the Middle East and North Africa, announced that it is delighted to co-sponsor once again the Bahrain Association of Banks (“BAB”) Reception at the IMF / World Bank Annual Meetings to be held in Tokyo from 12-14 October 2012.
The BAB’s formal Reception will be held on 13 October at the Tokyo Kaikan in Tokyo with Bahrain’s delegation expected to be led by the Minister of Finance, Shaikh Ahmed bin Mohamed Al Khalifa and the Governor of the Central Bank of Bahrain, Rasheed Al Maraj.
The IMF/World Bank Annual Meetings are a prestigious forum of international cooperation on financial and economic issues and are attended by global financial leaders and banking delegations, and decision makers from all over the world to discuss the most relevant issues facing the banking and the financial industries. This year’s event is of special importance in view of the continuing financial and banking crisis. UGB Chairman, Masaud Hayat commented, “The Banks in Bahrain Reception offers a once-a-year opportunity to promote to the international community Bahrain’s continuing strength as a financial services hub. Bahrain’s regulatory and legal regimes are well developed. Bahrain remains true to its promise and vision of being a business-friendly place. We are delighted to once again sponsor this event which aligns with our commitment to contribute to the regional banking and financial services sector.”