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MENAFN Press - 14/10/2010

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(MENAFN Press) Bahraini Saudi Bank, a subsidiary of Al Salam Bank - Bahrain today opened two new branches in two prominent locations in the Kingdom, the University of Bahrain and Mashtan road, Riffa. With this addition, the branch network serving Bahraini Saudi and Al Salam customers has now increased to 10 across the Kingdom making it more convenient for our customers.

The two branches were officially inaugurated by the Executive Director, Banking Supervision of Central Bank of Bahrain Mr. Khalid Hamad, Al Salam Bank-Bahrain Vice Chairman Mr. Habib Ahmed Kassem and the President of the University of Bahrain, Dr. Ebrahim Janahi. Also attended the event Mr. Yousif Taqi, Director & CEO of Al Salam Bank “ Bahrain, Dr. Anwar Al Sadah, the Chairman of Bahraini Saudi, and Mr. Hussain Sharaf, Director of Islamic Financial Institutions Supervision of Central Bank of Bahrain as well as i. number of Al Salam Bank-Bahrain and Bahraini Saudi board members and many other senior officials and representatives from the Central Bank of Bahrain, University of Bahrain, Bahraini Saudi and Al Salam Bank-Bahrain and the Banking Community.

Dr. Anwar Al Sadah, Chairman of Bahraini Saudi said We are extremely pleased with our commercial banking strategic expansion program and delighted to have the opportunity to contribute to our national higher education institution by opening the first banking branch on the UOB campuses.

The opening of these two branches in addition to Al Hamala branch opened in March this year has almost doubled our network, delivering on our promise we made earlier in the year to get closer to our customers to serve them better. The branch expansion combined with the launching of new and competitive products and services forms part of our strategy to expand our commercial banking business in the Kingdom Dr. Al Sadah added.

Meanwhile, Dr. Al Sadah extended his appreciation to H. E. Mr. Rashid Al Maraj, Governor of Central Bank of Bahrain, Mr. Khalid Hamad and Mr. Hussain Sharaf for their valuable support to Bahraini Saudi Bank. , Also he thanked Dr. Ebrahim Janahi, the President of the University of Bahrain for his unwavering support in facilitating the establishment of the branch at the University.

For his part, Dr. Ebrahim Janahi thanked Al Salam Bank-Bahrain and said that the opening of Bahraini Saudis branch in the University forms a distinguished addition to the banking services which are particularly suitable to the students and UOB staff needs.

The branches will offer attractive and competitive Sharia compliant banking products and services for both retail and business clients including the famous Dari property finance, Moteri vehicle finance, Jiwan credit card and Tayseer personal finance. A unique product Falla has been developed specially for the University students offering them no-cost savings account with many free services and preferential terms on moteri and computer purchase financing.

The Mashtan branch will service retail, private banking clients, small and medium enterprises and corporate customers resident in Riffa and from the other nearby areas.

About Al Salam Bank - Bahrain
Al Salam Bank - Bahrain


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