(MENAFN - Qatar News Agency) Bahrain's pioneer in Retail and Commercial Banking, the Bank of Bahrain and Kuwait, conducted its third Crisis Management Simulation Exercise to invoke the bank-wide Business Continuity Plans (BCP) and to ensure that critical banking services are recovered and available to customers in the shortest possible time in case of an unforeseen incident.
BBK Chairman Murad Ali Murad said, "In its ceaseless quest to improve standards, BBK, has been actively pursuing its Business Continuity Management program and enhancing its capabilities."
He congratulated the management for successfully conducting the Business Continuity exercise on such a large scale and added, "We are committed to ensure continuity of business in any unforeseen event and to fully comply with corporate governance and regulatory requirements."
The exercise managed and co-ordinated by the bank's dedicated Business Continuity Management and Governance Team, the Chairman of the Board Murad Ali Murad, some Board members, all the members of the Executive Management along with over 100 employees from various areas of the Bank participated.
From the time of the sudden initiation of the crisis situation, to the actual recovery and availability of critical banking services to its customers; the entire process was executed seamlessly within the targeted time frame. During this exercise all critical components of the BCP were tested successfully.
BBK is one of the first banks in the Kingdom of Bahrain to have its own custom built, dedicated, fully equipped and functional Business Continuity Center. This provides assurance to customers with a continuity of critical banking services and at the same time secures its vital assets in the event of any unexpected events, leading to disruption of normal operations.
BBK has been doing this exercise involving all the executive management for the last two years.
