NBB initiatives ‘contributed to community’s development’

MANAMA: Retail, corporate and SME portfolios of the National Bank of Bahrain (NBB) have remained resilient, reflecting a strong market appetite for the bank’s products, shareholders of the bank heard yesterday.

Addressing them during an ordinary general meeting at the Downtown Rotana, NBB chairman Farouk Almoayyed also said the bank continues to introduce innovative solutions and initiatives that cater to customers’ needs.

“Under the patronage of our board members over the past years, the National Bank of Bahrain has achieved outstanding milestones, launching several initiatives that have greatly contributed to the growth and development of the Bahraini community and the organisation as a whole,” he added.

“The bank has changed the face of the banking sector within the kingdom, emerging as a strong market leader to be exemplified within the field. NBB has transformed into a national enabler, pushing forward Vision 2030, and driving change across the sector and the community.

“The bank has worked diligently towards expanding its operations over the years, culminating in the acquisition of a majority stake in Bahrain Islamic Bank, and forming the NBB Group. NBB also introduced and successfully maintained an upwards trajectory on an ongoing transformation journey, as it made the shift from a conventional retail bank to a national pioneer embracing technological advancements and cutting-edge fintech by launching a new NBB Mobile App,” he added.

The meeting highlighted the bank’s achievements and milestones to date, and announced the departure of two board members, Khalid Abdulrahman and Hussain Al Ghanem, thanking them for their dedicated service and accomplishments.

Vincent van den Boogert and Zaid Abdulrahman are the two new members replacing the outgoing members.

“Internally, the bank has always placed the utmost importance on talent development, and we have continued on our path of investing in our people by providing numerous training and development opportunities to our entire workforce, as we look towards perpetuating the sustainable development of the bank,” Mr Almoayyed added.

“During our esteemed board members’ tenure, and under their careful direction, NBB initiated a sustainability programme, ranging from donations and contributions to environmental initiatives, and culminating in the adoption of ESG into the bank’s operations. Today, NBB has rolled out sustainability practices on both the board and the organisational levels, with an established sustainability committee comprised of individuals from the bank to monitor and address methods that will allow us to increase our sustainability endeavours,” he stated.

Source: https://www.gdnonline.com/Details/980060


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