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NBB: Exclusive Elite Sponsor of the 9th GCC Banking Conference in Bahrain  Join our daily free Newsletter

MENAFN Press - 26/01/2009

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Manama, Bahrain: NBB (The National Bank of Bahrain) will be the exclusive elite sponsor of the upcoming 9th GCC Banking Conference, which will be held under the patronage of His Highness the Prime Minister, Shaikh Khalifa Bin Salman Al Khalifa.
The Conference will take place in the Kingdom of Bahrain on March 24-25, 2009 at the Ritz Carlton Hotel & Spa.
The Central Bank of Bahrain CBB in cooperation with Gulf Cooperation Council (GCC) Secretariat General is organizing this conference under the theme A New Era in International Banking Practices: Implications for the GCC Markets. The event has been taking place for over 15 years, and is hosted by each of the Gulf countries in rotation. This year the event will be hosted by Bahrain and NBB will be the exclusive Elite Sponsor for the event.
Topics will focus on the GCCs regulatory industry and provide participants with the opportunity to debate with regulators on the most topical and significant issues affecting regional markets.
Mr. Abdul Razak A. Hassan Al Qassim ( CEO of NBB) said NBB was established in 1957, as the first Bank of the Kingdom. For over 50 years , NBB has continued to play a key role in the domestic economy, while consistently diversifying its business operations in the GCC and international markets. We, at NBB, have always endevoured to support causes and events which help and promote the Kingdom of Bahrain.
We are proud to support this important conference as an Elite Sponsor. We believe that Conferences of such international repute and significance will further reinforce Bahrains leading position as the regions financial centre.
NBBs Long-Term and Short-Term Foreign Currency ratings are among the highest for banks in the Gulf region and the Bank has been awarded the JP Morgan Chase Quality Recognition Award for 8th consecutive years. The Bank manages a number of Investment Funds and Trusts worldwide including in the Middle East and North Africa, North America, China, India, Asia and the Pacific.
The prestigious line-up of speakers at the GCC Banking Conference will feature Sir Howard Davies, Director of the London School of Economics (LSE), Dr. Martin Feldstein, Professor of Economics at Harvard University, and a number of leading experts from international institutions, regulatory agencies, educational institutions, and banking and financial organisations.
Attendees to this influential event include all the Governors of the GCC central banks and monetary agencies, heads of GCC capital markets, and senior bankers from Arab and international financial institutions.
The conference will be divided into 5 plenary sessions over a two day period and will conclude with a regional Governors meeting on the final day of the conference to determine required action and implementation. Further details on the sessions will be announced at a later date.
For further information on participation or sponsorship of the 9th GCC Banking Conference, please contact the Conference Managers: Eventscom “ Bahrain [T]973-17226775 [F]973-17226698 or visit www.gcc-bc.com .
-Ends-


About Central Bank of Bahrain
Note to Editor: The Central Bank of Bahrain ('CBB') is a public corporate entity established by the Central Bank of Bahrain and Financial Institutions Law 2006. It was created on 7th September 2006.The CBB is responsible for maintaining monetary and financial stability in the Kingdom of Bahrain. It succeeded the Bahrain Monetary Agency, which had previously carried out central banking and regulatory functions since its establishment in 1973 (shortly after Bahrain secured full independence from Great Britain).The CBB inherits the BMA's 33-year track record and wide range of responsibilities. It implements the Kingdom's monetary and foreign exchange rate policies, manages the government's reserves and debt issuance, issues the national currency and oversees the country's payments and settlement systems. It is also the sole regulator of Bahrain's financial sector, covering the full range of banking, insurance, investment business and capital markets activities.The CBB's wide scope of responsibilities allows a consistent policy approach to be undertaken across the whole of the Kingdom's financial sector. It also provides a straightforward and efficient regulatory framework for financial services firms operating in Bahrain

 






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